Tuesday, 17/09/2013 11:17

CTA: Explanation for auditor's notes in Financial Statement


On 14/08/2013 Vinavico JSC explained for auditor’s notes in Financial Statement as follows:

The Company use the interbank average rate instead of the of buying average rate of commercial banks, where the Company opens trading account to revalue some balances of monetary assets and liabilities denominated in foreign currencies at 30/06/2013 according to Circular No. 179/2012/TT-BTC issued on 24/10/2012 of Financial Ministry, because almost monetary assets and liabilities of the Company is payable liabilities, including payable liabilities of the supplier V-Trac Holding LTD incurred from 2010, the Company cannot contact with the supplier for the payment, so the Company use interbank average rate to revalue.

HNX

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