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TDH: Explanation for 2013 profit before & after auditing Thu Duc Housing Development Corporation explained the difference in consolidated 2013 profit after before and after auditing:
1. Financial Statement of parent company:
|
Items |
Before auditing: |
After auditing: |
Different |
|
Profit after tax |
4,830,766,163 |
7,088,433,803 |
2,257,667,640 |
Reason:
Increasing financial expense because the firm made a provision for financial investment for subsidiary by VND311,341,417 and for associates company by VND416,688,521.
Increasing financial income because the firm has income from profit after tax of subsidiary
2. Consolidated Financial Statement:
|
Items |
Before auditing: |
After auditing: |
Different |
|
Profit after tax |
27,046,954,420 |
19,459,326,145 |
-7,587,528,275 |
|
Profit after tax of parent company’s shareholder |
29,265,431,530 |
21,677,803,255 |
-7,587,628,275 |
Reason:
Increasing financial expense because interest expense of convertible bonds was VND3,150,113,280.
Decreasing financial income from dividends of joint venture company which received in 2013 by VND4,437,514,995.
HOSE
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