|
DID: Explanation for audit exception in financial statement of first 06 months of 2014
On 18/08/2014, DIC Dong Tien Joint Stock Company announced
explanation for audit exception in financial statement of first 06 months of
2014 as follow:
- On 30/06/2014, overdue receivables of the Company were VND
2,868,207,537, in which the Company extracted to provision for bad debts in
2012 and 2013 by VND 1,047,671,312, the remaining VND 1,820,536,225 was
required to be extracted in first 06 months of 2014. However, the Company
considered this extraction to be not suitable to real production, business
situation because these receivables were signed and confirmed but customers did
not pay to Contractors and Investors so the payment was delayed. Management
Board would attempt to withdraw all receivables in 2014; if until 31/12/2014,
all receivables were not withdrawn fully, the Company would extract to
provision in accordance with requirement of the auditor in financial statement
of Quarter IV/2014.
- At the moment of issuing Reviewed financial statement of
first 06 months of 2014, Dong Phuc Tien Construction Investment Joint Stock
Company, associated company of DIC, did not finish financial statement of first
06 months of 2014, so DIC Dong Tien Joint Stock Company could not supply
financial statement of associated company to the auditor. The Company commits
to fulfill specific figure of associated company in audited financial statement
of 2014. HNX
|
