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ASM: Explanation for the 6 months of 2013 profit before & after auditing Sao Mai Construction Corporation explained the difference in the first 06 months of 2013 profit after tax before and after auditing:
By: VND
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|
The first 06 months of 2013 |
The first 06 months of 2013 (after auditing) |
Increased/ decreased the first 06 months of 2013 between before and after auditing |
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VND |
% |
|
1. Revenue from selling and service supply |
585,204,748,740 |
585,204,748,740 |
- |
|
|
2. Deductions |
28,817,419,217 |
28,817,419,217 |
- |
|
|
3. Net revenue |
556,387,329,523 |
556,387,329,523 |
- |
|
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4. Cost of goods sold |
492,114,562,860 |
492,114,562,860 |
- |
|
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5. Gross profit |
64,272,766,663 |
64,272,766,663 |
- |
|
|
6. Financial revenue |
1,840,645,545 |
1,840,645,545 |
- |
|
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7.Financial expenses |
29,230,250,549 |
29,244,443,104 |
14,192,555 |
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In which: interest expenses |
26,728,879,129 |
26,673,198,313 |
(55,680,816) |
|
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8. Selling expenses |
18,441,983,450 |
18,438,915,850 |
(3,067,600) |
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9. General and administration expenses |
10,168,310,955 |
10,168,761,680 |
450,725 |
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10. Operating profit |
8,272,867,254 |
8,261,291,574 |
(11,575,680) |
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11. Other income |
494,940,259 |
494,940,259 |
- |
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12. Other expenses |
118,900 |
118,900 |
- |
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13. Other profit |
494,821,359 |
494,821,359 |
- |
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14. Profit in joint-venture |
10,823,865,478 |
4,720,038,725 |
(6,103,826,753) |
(129.00) |
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15. Profit before tax |
19,591,554,092 |
13,476,151,658 |
(6,115,402,433) |
(45.00) |
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16.Current corporate income tax expenses |
2,523,857,560 |
2,267,939,340 |
(255,918,220) |
(11.00) |
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17. Business income tax - deferred |
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|
- |
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18. Profit after tax |
17,067,696,532 |
11,208,212,318 |
(5,859,484,213) |
(52.00) |
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18.1 Income of minorities shareholders |
|
(97,145) |
(97,145) |
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18.2 Income of the parent company’s shareholders |
17,067,696,532 |
11,208,309,463 |
5,859,387,068 |
(52.00) |
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19. EPS |
430 |
282 |
147 |
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Profit after tax in the first 6 months of 2013 decreased 52.28% of VND5.86 billion mainly because profit in joint-venture decreased 129.32% or VND6.10 billion
Reason:
- After auditing, profit after tax decreased VND0.74 billion because a provision for devaluation of long term financial investment increased VND1 billion.
- Financial data of company associated in consolidated financial statement in the first 6 months of 2012 did not audited. After auditing, financial data of company associateds changed:
+ Profit after tax of IDI decreased over VND4.3 billion.
+ Profit after tax of Trisedco decreased VND2 billion.
Therefore, profit of the firm decreased VND1.4 billion.
- Before auditing, the ownership ratio of IDI was 24.65%. After auditing, the ownership ratio of IDI was 22.54%, decreasing 2.11%, leading to profit of the firm decreased VND3.7 billion. HOSE
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