Tuesday, 16/07/2013 15:10

POT: Explanation for audit opinion in the FS year 2012


(26/03/2013) Post and Telecommunication Equipment JSC explained the audit opinion in the audited FS year 2012 as follows:

  1. From the beginning of the year till present, Viet-Laos copper cable venture company has postponed its production and business activities due to market affects in general, thus the venture only had unaudited financial statement 2012. In the audited consolidated financial statement of the company, profit of the Viet Laos copper cable venture company was recorded.
  2. The company’s contributed capital accounted for 28.3% of owner’s equity of Viet-Laos company. The arising expenses of Viet-Laos copper cable venture company were mainly due to depreciation of fixed assets, which had minor impact on audited consolidated financial statement.
  3. To overcome this situation, the company cooperated with VNPT to withdraw capital of the company and VNPT from Viet-Laos copper cable venture company.

HNX

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