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NIS: Explanation for reviewed semi-annual FS of first 6 months of 2013
(15 August 2013) Network
Infrastructure Services JSC explained the reviewed semi-annual FS of first 6
months of 2013 as follows:
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Targets
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6 months of 2013
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6 months of 2012
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Difference
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Rate
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Revenue
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24,719
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17,620
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+ 7,099
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28.72%
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Profit before tax
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407
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592
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- 185
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31.25%
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- The revenue
increased because of additional revenue from the commerce and services of
NISCO-DTA Co., Ltd
- The cost of
premises renting increased
- The cost of
regular maintenance, emergency increased
- The cost of
station dissolving because of the merging, infrastructure construction
- The cost of goods sold of the commerce and
services was high, the profit was low
+ The
auditors’ opinions
The financial
statement - parent company was consolidated on the basis of reviewed financial
statement – parent company and unreviewed financial statements - 2 subsidiaries
and associated company. The reason was that from the point of view of DTL
auditing company, for the first 6 months of 2013, these subsidiaries newly came
into operation, accounting for an insignificant proportion of the total assets
and capital of the Company, which did not affect the consolidated finance.
- NISCO
Telecommunication Co., Ltd has operated in Jan. 2013 with the proprietary and
voting right of 100%.
- NISCO – DTA
Co., Ltd has operated in Apr. 2013 with the proprietary and voting right of
100%.
- Cloud
Service Center - Associated Company – VITECO has operated in Feb. 2013 with the
proprietary and voting right of 40%.
HNX
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