THT: Explanation for difference in Financial statement QIV. 2012 and Quarter IV.2011
On 15/3/2013, Ha Tu Coal JSC explained difference in net profit after tax in the financial statement QIV. 2012 and Quarter IV.2011 as follows:
- Net profit after tax in Financial Statement QIV.2012: VND (-) 4,179,585,329
- Net profit after tax in Financial Statement QIV.2011: VND 32.272.422.949
- Difference: VND (-) 36.452.008.278 (equivalent to 872.14%)
Reasons for the difference:
- Adjustments to reduce coal price caused the reduction of income in QIV.2012 by VND37,437,574,600
- Reduction of VND800 million in expenses
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