Tuesday, 16/07/2013 15:37

RHC: Explanation for difference in financial statement 2012 before and after auditing


(12/03/2013) Ry Ninh II Hydroelectric JSC explained difference in financial statement 2012 before and after auditing as follows:

 

 Difference:

Increase in Cost of goods sold

VND554,437,206

Increase in financial expenses

VND149,130,259

Increase in financial income

VND100,641,073

Decrease in General and administration expenses

VND140,762,668

Decrease in profit

VND462,163,724

Reasons for the difference:

  1. Increase in cost of goods sold due to further distribution of long-term prepaid expenses of VND554,437,206
  2. Financial income and expenses:

-       Supplement interest from short-term loans, thus increasing financial income by VND554,437,206

-       Supplement interest payable, thus increasing financial expenses by VND149,130,259

  1. General and administration expenses

-       Decrease equipment expenses: VND70,436,363

Decrease insurance expenses: VND70,326,305

HNX

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