|
SMT: Explanation for difference in financial statement Year 2011 before and after auditing
Sam Cuong Material Electric and Telecom Corporation explained difference in financial statement 2011 before and after auditing as follows: |
|
Items |
Before auditing |
After auditing |
Difference |
|
Selling expense |
4,256,726,874 |
4,296,637,417 |
39,910,543 |
|
General and administration expense |
2,699,432,763 |
2,758,060,163 |
58,627,400 |
|
Accounting profit before tax |
2,406,670,366 |
2,308,132,423 |
-98,537,943 |
|
Income tax payable |
136,485,639 |
128,542,161 |
-7,943,478 |
|
Accounting profit after tax |
2,270,184,727 |
2,179,590,262 |
-90,594,465 |
Reasons:
The auditor increased the selling expense to VND39,910,543 and the general and administration expenses to VND58,627,400. Thus, profit after tax decreased by VND7,943,478 and profit after tax decreased by VND90,594,465. | HNX
