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DAC: Explanation for the audited FS 2013
ON 19/03/2014, Viglacera Dong Anh JSC explained for the
audited FS 2013 as follows:
In 2013, the real estate market had many difficulties, some
projects has been stopped because the output was not the expectation. Therefore,
the manufacturing activities of construction material (input of real estate)
also had many difficulties. The Company was in the similar situation.
The Company actively reduced the production capacity to
maintain the reasonable level of inventories. Therefore, the operating expense
increased significantly in the year.
Besides, the price of input material was increasing due to
the increase of transferring price (the petroleum price). This reason affected
strongly to the operating result of the Company. Simultaneously, the input
expense such as electronic, insurance expense, etc. increased which led to the
increase in production cost.
The consumption activities had many difficulties (with those
reasons above) so the selling price was lower than expected price, which led to
the decrease in revenue as well as profit of the Company. HNX
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