VPH: Explanation for 2013 profit before & after auditing Van Phat Hung Corporation explained the difference in 2013 profit after tax of the parent company before and after auditing:
Items
|
Before
auditing:
|
After
auditing:
|
Difference
|
VND
|
%
|
Net revenue
|
403,899,751,733
|
403,899,751,733
|
0
|
|
Cost of goods sold
|
353,878,920,602
|
347,305,269,510
|
--6,573,651,092
|
-2%
|
Gross profit
|
50,020,831,131
|
56,594,482,223
|
6,573,651,092
|
13%
|
Financial income
|
13,726,177,984
|
13,726,177,984
|
0
|
|
Financial expense
|
25,683,997,565
|
34,428,460,585
|
8,744,463,020
|
34%
|
Selling expense
|
5,364,422,037
|
5,364,422,037
|
0
|
|
General and administration expense
|
20,848,631,976
|
20,848,631,976
|
0
|
|
Net profit
|
11,849,957,537
|
9,679,145,609
|
-2,170,811,928
|
-18%
|
Other income
|
7,558,945,394
|
7,558,945,394
|
0
|
|
Other expenses
|
1,864,658,519
|
1,864,658,519
|
0
|
|
Other profit
|
1,864,286,875
|
5,694,286,875
|
0
|
|
Profit before tax
|
17,544,244,412
|
15,373,432,484
|
-2,170,811,928
|
-12%
|
Current corporate income tax
expenses
|
6,034,993,125
|
9,097,692,072
|
3,062,698,947
|
51%
|
Profit after tax
|
11,509,251,287
|
6,275,740,412
|
-5,233,510,875
|
-45%
|
Reason: -
Decreasing cost of goods sold from La Casa Block 1A-1B Project: VND6,573,651,092 -
Increasing interest expense from capital contribution to Thien Bich
Co., Ltd.: -VND8,744,463,020. -
Decreasing current corporate income tax expenses: VND405,455,685 -
Increasing corporate
income tax – deferred: -VND3,468,154,632. -
Total:
-VND5,233,510,875
HOSE
|