SPP: Explanation for difference in audited financial statement 2012 and financial statement 2012
On 12/3/2013, Saigon Plastic Packaging JSC explained difference in profit after tax in the audited financial statement 2012 and financial statement 2012 as follows:
Adjustments were made to match with audited FS 2012 as follows:
1
The difference in exchange rate due to reassessment of loan which has principle in foreign currency at the end of accounting period was recognized in financial expenses at the current accounting period
VND6,023,333
2
Profit reduction in the current accounting period due to mistakes in carrying forward depreciation amount of
VND73,446,805
3
Profit before tax 2012 after adjustment to reduce
VND79,470,138
4
Reduction in income tax payable
VND5,960,260
5
Profit after tax after adjustment to reduce
VND73,509,878
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