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ILC: The explanation for the audit opinion in the reviewed semi-annual financial statement 2013
On 04/09/2013, International Labor and
Services Joint Stock Company explained the audit opinion in the reviewed
semi-annual financial statement 2013 as follows:
At the reviewed financial statement N0
3384/2013/BCSX-IFC dated 07/08/2013, the auditing unit has given the opinion on
the Statement N0 2 of Financial statement because the financial statement of
the Company is made with the assumption that the Company will continue
operating continuously. The Statement N0 2: “The financial statement of the
Company for the period from 01/01/2013 to 30/06/2013 is made on the base of
continuous operation. The financial statement stated: total short-term debt on
of the Company 30/06/2013 exceeded total short-term assets in amount of VND
20,251,871,962. The accumulative loss of the Company on 30/06/2013 is VND
49,322,984,646. These factors have created the doubt on the continuous
operation of the Company”
Explanation:
According to Decision No.15/2006/QĐ-BTC
dated 20/03/2006 of Ministry of Finance, when stating the balance sheet, the
due date long-term loan and debts are stated in the long-term loan and debt. On
30/06/2013, the due date long-term loans of the Company in one year: VND
14,898,427,375. Therefore, Total short-term debts only exceeded short-term
assets is: VND 5,623,444,587. HNX
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