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Wednesday, 12/09/2012 17:37

GBS: Explanation for difference in Reviewed Financial Statement 2012 before and after auditing

Golden Bridge Vietnam Securities JSC explained difference in Reviewed Financial Statement 2012 before and after auditing as follows:                                                                                                              &n

 

Accumulated profit after tax first 6 months before auditing

Accumulated profit afer tax first 6 moths after auditing

Difference

Rate

3,091,673,418

2,718,197,350

-373,476,068

12%

Reasons:

-       Net revenue from operation decreased by VND2,415,663,331 due to decrease of receivables from securities investment

-       Operating expense decreased by VND1,052,018,334 due to decrease of expense for securities investment

-       General and administration expense decreased by VND858,506,855:

+ Decrease of refund the allowance for cooperation: VND1,600,523,141

+ Increase of VAT expense: VND736,920,852

+ Increase of expense for upgrading securities trading software: VND5,095,434

-       Decrease of income tax payable expense: VND131,662,074

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