|
CMC: Explanation for differences in operating result before and after auditing
On
16/08/2013, CMC Investment JSC explained for differences in operating result
before and after auditing as follows:
Differences:
|
No.
|
Targets
|
Data
reported by the Company
(First
06 months of 2013)
|
Audited
data
(First
06 months of 2013)
|
Differences
|
|
1
|
Financial expenses
|
-815,865,724
|
177,498,676
|
+993,364,400
|
|
2
|
Corporate management expenses
|
1,097,406,758
|
1,802,424,449
|
+905,017,691
|
|
3
|
Other expenses
|
796,957,403
|
268,568
|
-796,688,835
|
Explanation:
-
The Financial Expenses increased because the Company make the financial
provisions based on the price of shares, at the time of reporting, all of shareholding
by the company is considered as part of provisions whether its price increase or
decrease. But the auditors ask the Company make the provisions for shares whose
price increase, so the expenses increased by VND 963,266,400, and the increase
of exchange rate for a lot of new imported machine but have not receive the
loans of the Bank, the amount is VND 30,098,000.
- Corporate Management expenses
increased because the auditor decrease the car depreciation by VND 91,671,144
and re-account other expenses to corporate management expenses, so it increased
by VND 796,688,835.
- Other expenses decreased by VND
796,688,835 because these expenses were transferred to corporate management
expenses. HNX
|
