VHL: Explanation for audit exception in FS 2012

Viglacera Ha Long JSC explains the audit exception in Financial Statement 2012 as follows:

1. Explanation for stock under alert:

The company had not set up provision for financial investment according to the contract No. 01/2012/HDHTKD on 15/05/2012 between Viglacera Ha Long JSC and Viglacera Dong Trieu JSC of VND 11.4 billion.

The reason was because Viglacera Ha Long JSC and Viglacera Dong Trieu JSC signed the Amendment on 15/06/2012 as below:

-       If there was profit from the operation activities of Dong Trieu 1 Factory then each party earn 50% of the total profit.

-       If the profit was loss then Viglacera Dong Trieu JSC would stand 100% of the loss profit.

2. Explanation for late information disclosure

On 05/03/2013, the auditor published the audited FS 2012. After checking again, the company delivered to SSC and HNX on 06/03/2013 and on 07/03/2013, SSC and HNX received the hard copy from the company.

HNX

>   V15: Annual General Mandate 2013 (15/10/2013)

>   CID: Explanation for the difference between FS of QII.2013 and reviewed FS of the first 06 months of 2013 (15/10/2013)

>   VE1: Annual Corporate Governance Report 2012 (15/10/2013)

>   VC7: Corporate Governance Report (first 06 months) (17/10/2013)

>   VE2: Annual Corporate Governance Report 2012 (17/10/2013)

>   VIT: Board Resolution (17/10/2013)

>   NIS: Explanation for reviewed semi-annual FS of first 6 months of 2013 (18/10/2013)

>   DZM: Explanation for production-business performance of quarter 2-2013 (21/10/2013)

>   HNM: Announcement on selection of finance treatment solution and auditing unit (21/10/2013)

>   HVT: Board Resolution on 28/05/2013 (21/10/2013)