Monday, 02/04/2018 18:04

IST: Explanation for the difference in audited financial statement 2017 year on year

On 21 Mar 2018, Tan Cang Song Than ICD Joint Stock Company explained the difference in audited financial statement 2017 year on year as follows:

  • Profit after tax of 2016 of the Company in audited financial statement 2016: VND 19,383,483,207
  • Profit after tax of 2017 of the Company in audited  financial statement 2017: VND 34,719,485,899
           Explanation:
  • In 2016, ICDST operated under the model of a Joint Stock Company from 01 Jun 2016. Business result of the Company in audited financial statement 2016 was recorded in the period from 01 Jun 2016 to 31 Dec 2016 (7 months).
  • In 2017, business result of the Company in audited financial statement 2017 was recorded in the period from 01 Jan 2017 to 31 Dec 2017 (12 months).
ICDST didn’t compare business result of 2016 with business result of 2017 due to the difference in operation period.

HNX

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