QST: Explanation for difference in profit after tax in financial statement QIV.2012 and financial statement after auditing
(15/03/2013) Quang Ninh Book and Educational Equipment JSC explained difference in profit after tax in financial statement Quarter IV.2012 and financial statement after auditing as follows:
Difference:
Profit after tax in audited financial statement year 2012 decreased by 4.6% (equivalent to VND141,032,934) compared to accumulated figure in company’s financial statement quarter IV.
Reasons for the difference:
This were mainly due to not recording interest payables to Insurance Agency at the amount of VND67,305,060 and the increase of some expenses leading to the decrease of gross profit and profit after tax.
HNX
