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12-11-2013 03:52 PM #1
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DID: Explanation for difference in profit after tax 2012 after auditing
(30/04/2013) DIC DONG TIEN JSC announced explanation for difference in profit after tax in FS 2012 before and after auditing as follows:
1. Difference
NoUnit: million VND
Indicator
Year 2012 before auditing
Year 2012 after auditing
Difference
Difference %
1
Gross sales
96,667.6796,667.67020
Cost of goods sold
83,926.0584,229.53303.4833.62
Selling expenses
1,204.421,204.42040
General and administration expenses
4,729.665,010.43280.7755.93
Other expenses
126.20234.73108.53686
Income tax payable
303.28120.26(183.01)7(11.41)
Profit after tax
1,529.241,019.46(509.77)(33.33)
2. Explanation
- Cost of goods sold: due to adjustment in increasing expense of VND303.48 million
- General and administration expense:
+ Adjustment to increase prepaid expense: VND76.21
+ Adjustment to increase allowance for job loss: VND24.55 million
+ Extraction of allowance for receivables: VND180.00
- Other expenses: payment of fine, tax
- Income tax payable: due to increase in profit before tax, and in 2012, the company was exempted from tax, 30%, but FS before auditing was not account for 30% reduction in tax
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