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Friday, 05/10/2012 10:44

STL: Explanation for difference in Reviewed financial statement Year 2012 before and after auditing

Song Da - Thang Long JSC explained difference in financial statement 2012 before and after auditing as follows:

According to the Reviewed FS 2012, the profit (loss) after tax 2012 (consolidated) after auditing increased by VND23,931,907,051 compared to the Reviewed FS before auditing.

Reasons:

-       Increase of allowance for uncollectible accounts overdue: VND5,421,465,288

-       Increase of interest expense as of 30/06/2012: VND9,455,692,511

-       Increase of revenue, expense of the construction 10A Dong Nai, Ho Chi Minh city and transfer expenses of project 3B Phan Dinh Phung, Hoan Kiem, Ha Noi city: VND8,782,057,361

-       Increase of profit (loss) of subsidiaries, associate companies after auditing: VND262,691,621

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