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Wednesday, 11/07/2012 17:04

TXM: Explanation for difference in financial statement Year 2011 before and after auditing

On 03/05/2012, Gypsum and Cement JSC explained difference in financial statement 2011 before and after auditing as follows:

 

-       Profit after tax (after auditing): VND 7,888,369,526

-       Profit after tax (before auditing): VND 7,865,084,382

-       Difference: VND 23,285,144

Reasons:

+ Cost of goods sold increased by VND 4,653,344 because the Company had not calculated input VAT.

+ Financial income increased by VND 12,025,868 because before auditing the Company had not calculated difference of exchange rate.

+ Income tax decreased by VND 15,912,620.

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