|
VFR: The explanation for the audit exception in the reviewed semi-annual consolidated financial statement in 2013
On 09/09/2013, Transport and Chartering Corporation
explained audit exception in the reviewed semi-annual consolidated financial
statement in 2013 as follows:
- “The semi-annual
consolidated financial statement in 2013 was made on the base of the financial
statements of Holding Company and of the subsidiaries which have not been
audited, so the audit unit has not given opinion on the impact (if any) of the
data of the subsidiaries on this financial statement.”
The subsidiaries are not public companies, so these
companies have not to make reviewed semi-annual financial statement (only audit
the financial statement in year). When semi-annual consolidated financial
statement was made, we based on the operation results of the same period of
previous year and predicted the operation results of the first six months/
2013; on the other hand, the operation of these companies can’t cause serious
impact on semi-annual consolidated financial statement of the Company.
- “The investment into associated companies
and joint-venture companies has not been recorded into equity when the
semi-annual consolidated financial statement was made”.
Transport and Chartering Corporation
(Vietfracht) is only one shareholder owning not enough shares to govern these
companies, so it is hard for Vietfracht to collect semi-annual financial
statements of these companies to make semi-annual consolidated financial statement.
When semi-annual consolidated financial statement was made, we based on the
operation results of the same period of previous year and predicted the
operation results of the first six months/ 2013; on the other hand, the
operation of these companies can’t cause serious impact on semi-annual
consolidated financial statement of the Company.
HNX
|
