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HDA: Explanation for the difference in the profit after tax between the financial statement of Quarter IV.2014 and the audited financial statement 2014 On 01/04/2015, Dong A Paint Joint
Stock Company explained the difference in the profit after tax between the
financial statement of Quarter IV.2014 and the audited financial statement 2014
as follows:
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No.
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Items
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Financial statement
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Difference
|
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Before being audited
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After being audited
|
|
1
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The net revenue from sale and services supply
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129,758,324,656
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125,225,455,129
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(4,532,869,527)
|
|
2
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Cost of goods sold
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78,437,592,377
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75,543,833,166
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(2,893,759,211)
|
|
3
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Revenue from financial activity
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13,965,691
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13,956,691
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-
|
|
4
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Financial cost
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2,145,965,115
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2,149,259,510
|
2,294,395
|
|
5
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Sale expense
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30,334,706,833
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29,801,206,230
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(533,500,603)
|
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6
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Management cost
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9,577,864,260
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8,817,025,162
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(760,839,098)
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7
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Other income
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191,257,650
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191,257,650
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-
|
|
8
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Other cost
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116,363,636
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116,363,636
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-
|
|
9
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Total accounting profit before tax
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9,351,046,776
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9,002,981,766
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(348,065,010)
|
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10
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Corporate income tax
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2,057,230,291
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1,980,655,989
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(76,574,302)
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11
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Profit after tax
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7,293,816,485
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7,022,325,777
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(271,490,708)
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Explanation:
1. The net
revenue from sale and services supply decreased by VND4,532,869,527 because
the accounting department did not balance internal income
2. Cost of goods
sold decreased because the cost of internal goods sold decreased by VND4,532,869,527 and added wrong accounting into sale expense, so the cost of
goods sold in the audited financial statement decreased by VND2,893,759,211.
3. The sale
expense decreased by VND533,500,603 because of adjusting the decrease in the
sale expense into the cost of goods sold in amount of VND1,639,110,316 and
adjusting the increase in salary fund for Sale department because of accounting
into the salary fund of management department (so the salary fund of management
department decreased by VND760,839,098)
4. Because of
change in net revenue, cost of goods sold, sale expense, management cost, etc.
Total profit before tax decreased by VND348,065,010. Thus, the corporate
income tax decreased by VND76,574,302 and the profit after tax decreased by
VND271,490,708. HNX
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