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DC2: Explanation for difference in auditing data of independent auditor and State auditor
Development
Investment Contruction Number 2 JSC explained the difference in auditing data
of independent auditor and State auditor for financial statement 2014 on 13 June
2014 as follows:
|
Indicator
|
Code
|
Data of independent auditor
|
Data of State auditor
|
Difference
(Independent auditor - State auditor)
|
|
1. Revenue from selling goods
and services
|
01
|
69,857,607,307
|
69,857,607,307
|
|
|
2. Deductions
|
02
|
-
|
-
|
|
|
3. Net revenue from selling goods
and services (10 = 01 -
02)
|
10
|
69,857,607,307
|
69,857,607,307
|
-
|
|
4. Cost of goods sold
|
11
|
68,194,411,764
|
63,913,628,403
|
-4,280,783,361
|
|
5. Gross profit from selling goods and
services (20=10-11)
|
20
|
1,663,195,543
|
5,943,978,904
|
4,280,783,361
|
|
6. Financial income
|
21
|
1,628,339,868
|
1,628,339,868
|
-
|
|
7. Financial expense
|
22
|
3,928,807,065
|
3,928,807,065
|
-
|
|
- In which: Loan expense
|
23
|
3,782,001,475
|
3,782,001,475
|
|
|
8. Sales cost
|
24
|
-
|
-
|
-
|
|
9. General and administrative
expenses
|
25
|
1,734,047,464
|
1,734,047,464
|
-
|
|
10. Net business profit {30=20+(21-22) - (24+25)}
|
30
|
(2,371,319,118)
|
1.909.464.243
|
4,280,783,361
|
|
11. Other income
|
31
|
50,984,620
|
50,984,620
|
-
|
|
12. Other expense
|
32
|
807,634,419
|
807,634,419
|
-
|
|
13. Other profit (40=31-32)
|
40
|
(756,649,799)
|
(756,649,799)
|
-
|
|
15. Total profit before tax (50=30+40)
|
50
|
(3,127,968,917)
|
1.152.814.444
|
4,280,783,361
|
|
18. Profit after tax (60=50-51-52)
|
60
|
(3,127,968,917)
|
634.251.228
|
3,762,220,145
|
Reasons:
1. State
auditor made decreasing adjustments of fixed asset depreciation in the cost of
goods sold 2013: VND -4,280,783,361 (According to Circular 45/2013/TT-BTC dated
25/4/2013 of Ministry of Finance) because the Company applied the accelerated
depreciation method to fixed assets, leading to the loss of 2013
2. After the
State auditor’s decreasing adjustments of fixed asset depreciation, the
business result 2013 of the Company got the profit of VND 1,152,814,444, which
led to the arisen corporate income tax 2013 of VND 518,563,216 and profit after
corporate income tax 2013 of VND 634,251,228 HNX
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