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PPS: Explanation for difference in profit after tax and business result in 2012
(21/03/2013)
Petrovietnam Power Services JSC explained difference in profit after tax and
business result in audited financial statement 2012 as follows:
- Difference
of more than 10% profit after tax compared to last year:
Reasons:
In 2012, the company recorded more Turnover – Profit from performance of
long-term maintenance and repairing contract to Electric Plant Nhon Trach 2.
- Difference
in business result (profit after tax) between audited Financial Statement
and Financial Statement before auditing
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- Adjust to increase expenses, leading
to decrease profit
|
VND228,567,130
|
|
+ Supplement
expenses of account management 2011
|
VND
129,770,679
|
|
+ Supplement
expenses of office renovation
|
VND
77,114,500
|
|
+ Fine
fee due to late delivery
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VND
16,433,343
|
|
+ Supplement
union fee extracted insufficiently
|
VND
189,186
|
|
+
Treatment after inventory
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VND
5,059,422
|
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- Adjust to decrease expenses, increase
turnover, leading to increase profit
|
VND 468,771,160
|
|
+
Decrease cost of works
|
VND
88,683,585
|
|
+ Adjust
duplicate entry
|
VND
1,619,600
|
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+ Collect
arrears of employee salary
|
VND
9,755,657
|
|
+
Supplement estimated profit to receive from financial activities
|
VND
168,666,667
|
|
+ Assessment
of interest rate difference
|
VND
10,694,436
|
|
+
Treatment of allowance
|
VND
189,351,215
|
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- Profit before tax increases after
auditing
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VND 240,204,030
|
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- Income tax adjusted to increase after
auditing
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VND 60,051,008
|
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- Profit after tax adjusted to increase
after auditing
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VND 180,153,022
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HNX
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