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L62: Explanation for difference in profit after tax in FS 2012 compared to 2011
L62:
Explanation for difference in profit after tax in FS 2012 compared to 2011
(27/03/2013)
Lilama 69-2 JSC explained difference in profit
after tax in FS 2012 compared to FS 2011 as follows:
- Difference:
Profit
after tax in 2012 decreased 84.13% compared to 2011
- Reasons:
- High
cost of projects due to characteristics of construction and erection business to
have great demand of capital
- High
interest rate
- From
2008-2012, the company invested in An Lao Factory at the estimated value of VND81,169,872,685.
The company transferred to fixed assets and extracted depreciation into the
period, affecting business result.
- Difficulties
of the economy: Investors lack of capital, few new projects were implemented, works
in progress were not continuously operated.
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