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ACB: Explanation for auditor’s opinion on reviewed semi-annual FS 2013
Asia Commercial Bank explained the auditor’s opinion on reviewed semi-annual FS 2013 as follows: 1. Opinion: Term Deposit of 718,908 million dongs of the Bank in a commercial bank and the receivable interest of 36,523 million dongs is overdue. Explanation: This is the deposit that ACB delegated 19 of its employees to deposit in Vietin Bank. At present, the appropriate authorities are investigating the deposit. The obligations of the related parties will be defined when having the verdict of the court. 2. Opinion: The lending of 464,733 million dongs to a state-owned corporation and 500,000 million dongs from issuing debenture bonds and receivable bond interest of 135,949 million dongs is put in the second group – noting debt, not transferring to the worse debt group in accordance with Decision No.276/QD-TTg dated Feb.04, 2013 on the Corporation restructure in 2012-2015 stage. Explanation: The lending of 464,733 million dongs to a state-owned corporation has been extended, which is borrowed to buy and build ships in compliance with Decision No. 276/QD-TTg dated Feb.04, 2013. 3. Opinion: The State Bank of Vietnam inspected the whole operation of the Bank. However, the Bank not yet announced about the inspection result on the date of issuing financial statement. Therefore, the conclusion of the inspection and its effects were not presented on the financial statement. Explanation: ACB received the inspecting conclusion of the State Bank of Vietnam on Aug. 30, 2013 and will present on ACB’s financial statement 2013 if having any influences on the financial statement.
HNX
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