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Thursday, 05/07/2012 17:47

VC7: Explanation for difference in financial statement Year 2011 before and after auditing

On 02/05/2012, No7 Vietnam Construction JSC explained difference in financial statement 2011

 before and after auditing as follows:

-       Profit after tax  before auditing: VND 9,647,178,359

-       Profit after tax after auditing: VND 8,512,803,359

-       Difference: VND 1,134,375

Reason for the difference is that the auditor set up allowances of VND 1,152,500,000 for investing shares of Vinaconex Water Material Joint Stock Company.

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