Tuesday, 18/03/2014 18:01

PVC: Explanation for the difference in profit after tax of FS 2013 after audit (Holding Company)


On 12/03/2014, Drilling Mud Corporation explained for the difference in profit after tax of FS 2013 after audit (Holding Company) as follows:

The profit after tax of the FS after audit increased by VND 226,813,334

Explanation:

- The Company reduced VND 819,063,391 in the provision for long-term investment (Capital contributed to Subsidiary – Southern Petroleum Chemicals JSC)

- Re-classify and adjust the interest expense from financial expense into capitalization of Cai Mep Petroleum Chemicals JSC, the amount is VND 67,758,529

- Increase the depreciation expense of warehouse system at Dung Quat, the amount is VND 660,008,586 so there is a corresponding decrease in profit.

HNX

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