POT: Explanation for audit notice of FS 2013 (Holding company)
On 18/03/2014, Post and Telecommunication Equipment Joint Stock Company announced explanation for audit notice of FS 2013 as follows:
Until now, Laos-Viet Copper Cable Co., ltd operated under Laos Law but this company only had financial statement of Q4/2013. Thus, audited FS 2013 included operation result of LVCC.
POSTEF accounted for 28.3% of total equity of LVCC. In 2013, LVCC had no expense, all expenses to maintain operation of LVCC during divestment time were contributed by Vietnamese investors (VNPT and Postef). Provision for long-term financial investment discount for LVCC complied with regulation of Law.
HNX
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