DID: Explanation for difference in profit after tax 2012 after auditing

[ducvt]

(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


Unit: million VND
No
Indicator
Year 2012 before auditing
Year 2012 after auditing
Difference
Difference %
1
Gross sales


96,667.67


96,667.67


0


0
2
Cost of goods sold


83,926.05


84,229.53


303.48


3.62
3
Selling expenses


1,204.42


1,204.42


0


0
4
General and administration expenses


4,729.66


5,010.43


280.77


5.93
5
Other expenses


126.20


234.73


108.53


86
6
Income tax payable


303.28


120.26


(183.01)


(11.41)
7
Profit after tax


1,529.24


1,019.46


(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