DC2: Explanation for difference in profit after tax before and after auditing in reviewed financial statement of first 6 months of 2014
On 22 Aug 2014, Development Investment Construction Number 2 Joint Stock Company explained the difference in profit after tax before and after auditing in reviewed financial statement of first 6 months of 2014 as follows:
Indicators
Code
Before auditing
After auditing
Difference
1. Revenue from selling goods and services
01
18 671 076 754
-
2. Revenue deductions
02
3. Net revenue from selling goods and services (10 = 01 - 02)
10
4. Cost of goods sold
11
24 571 778 567
5. Gross profit from selling goods and services (20=10-11)
20
(5 900 701 813)
6. Financial income
21
523 945 240
7. Financial cost
22
2 582 918 373
3 809 751 307
1 226 832 934
- In which: Loan cost
23
8. Sales cost
24
9. General and administrative cost
25
787 297 934
10. Net profit from business operation {30=20+(21-22) - (24+25)}
30
(8 746 972 880)
(9 973 805 814)
(1 226 832 934)
11. Other income
31
12. Other cost
32
859 097 000
303 543 246
(555 553 754)
13. Other profit (40=31-32)
40
(859 097 000)
(303 543 246)
555 553 754
15. Total profit before tax (50=30+40)
50
(9 606 069 880)
(10 277 349 060)
(671 279 180)
18. Profit after corporate tax income (60=50-51-52)
60
Reasons: The figures after auditing recorded an increase in financial expense: VND 1 226 832 934 and a decrease in other expense: VND 555 553 754, which caused a decline in profit before and after tax: VND 671 279 180
HNX
> GLT: Change in Business Registration Certificate (28/08/2014)
> QNC: Reviewed financial statement 2014 (holding company) (28/08/2014)
> SPI: Explanation for difference of profit after tax in first 06 months of 2014 year on year (28/08/2014)
> QNC: Decision on Branch dissolving (28/08/2014)
> QHD: Explanation for auditor\u2019s opinion for semi-annual financial statement 2014 (28/08/2014)
> SHS: Explanation for audit notice in reviewed financial statement of first 06 months of 2014 (28/08/2014)
> PXT: Explanation for business results in Quarter 2/ 2014 before & after review (28/08/2014)
> POM: Explanation for business result in Q2, 2014 (28/08/2014)
> HAR: Explanation for profit in Q2/2014 (28/08/2014)
> NHC: Explanation for difference of profit after tax in first 06 months of 2014 before and after audit (28/08/2014)
