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DC2: Explanation for difference in financial statement Year 2012 before and after auditing
On 22 March 2013, the Development Investment Construction Number 2 JSC explained difference in financial statement 2012 before and after auditing as follows:
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Items
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After auditing
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Before auditing
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Difference
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1. Gross sales of merchandise and goods |
58,261,554,692
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58,261,554,692
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2. Deduction |
-
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-
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3. Net sales of merchandise and services |
58,261,554,692
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58,261,554,692
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4. Cost of goods sold |
54,414,304,547
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54,414,304,547
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5. Gross profit from sale of merchandise and services (20=10-11) |
3,847,250,145
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3,847,250,145
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6. Financial income |
1,017,448,595
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1,016,753,796
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694,799
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7. Financial expenses |
3,169,526,994
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4,267,777,536
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- Interest expenses |
3,169,526,994
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4,267,777,536
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9. General and administration expenses |
1,711,013,947
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2,037,209,242
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10. Operating profit {30=20+(21-22) - (24+25)} |
(15,842,201)
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(16,537,000)
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694,799
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11. Other income |
1,324,091,627
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1,280,538,059
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43,553,468
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12. Other expenses |
526,188,460
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368,876,211
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157,312,249
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13. Profit from other activities (40=31-32) |
797,903,167
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911,661,848
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(113,758,681)
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15. Accounting profit before tax (50=30+40) |
782,060,966
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895,124,848
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(113,063,882)
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16. Income tax payable |
69,178,584
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221,334,038
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(152,155,454)
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17. Deferred income tax |
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18. Net profit after tax (60=50-51-52) |
712,882,382
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673,790,810
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39,091,572
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Reasons are as follows:
1. An increase of VND43,53,468 in other income after auditing is due to:
- reversing allowance for job loss,
- increasing other expenses of VND157,312,249 mainly due to dealing with other receivables (Account: 1338)
- leading to a decrease of VND113,063,882 in accounting profit before tax.
2. A decrease of VND152,155,454 in income tax payable after auditing is due to excluding other income after tax.
The two above reasons led to an increase of VND39,091,572 in net profit after tax after auditing. HNX
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