VTB: Explanation for 2013 profit before & after auditing

Viettronics Tan Binh Joint Stock Company explained the difference in 2013 profit after before and after auditing:

-          Financial statement of parent company in 2013:

·         Adjusting other long-term payables by VND76,625,000, leading to cost of goods sold decreased.

-          Financial statement of JS VTB in 2013:

·         Increasing business income tax – deferred because the firm made a provision for warranty product by VND258,749,623

·         Increasing income tax VND42,689,636.

·         Increasing selling expense VND22,000,000 and increasing other income VND12,425,000.

·         Increasing General and administration expense  VND44,111,500

-          Financial statement of Vitek VTB Ha Noi in 2013:

·         Adding promotional advertising expense VND681,423,526

·         Decreasing revenue from promotional products and increasing selling expense VND31,974,100.

·         Financial statement of information technology VTB in 2013:

·         Delaying payables expense to general and administration expense and selling expense VND25,000,000 and VND37,272,727.

·         Adjusting revenue from bonus shopping sales of financial income to decreasing cost of goods sold VND398,339,091 and adjusting financial income VND41,600,000 to other income

HOSE

>   DHM: Resolution of the 2014 Annual General Meeting (18/04/2014)

>   HDC: Explanation for 2013 profit before & after auditing (18/04/2014)

>   VNE: Explanation for 2013 profit before & after auditing (18/04/2014)

>   SHN: Notice of record date for General Meeting of Shareholders 2014 (17/04/2014)

>   ARM: Time and place for AGM of shareholders 2014 (17/04/2014)

>   ALV: Invitation to AGM 2014 (17/04/2014)

>   AGF: Report on the use of proceeds from public offering (17/04/2014)

>   SDG: Financial Statement Quarter 1/2014 (17/04/2014)

>   PVD: Information on the 2013 Annual Reports (17/04/2014)

>   ST8: Information on the 2013 Annual Reports (17/04/2014)