PVX: Explanation for difference in profit after tax in financial statement 2012 before and after auditing
(26/03/2013) Petro Vietnam Construction Joint Stock Corporation explained difference in profit after financial statement 2012 before and after auditing as follows:
Difference:
- Profit after tax in financial statement 2012 after auditing: (-VND1,368 billion)
- Profit after tax in financial statement 2012 before auditing: (-VND1,221 billion)
Reasons for the difference:
At 31/12/2012, some guaranteed amounts came due date or came overdue, the company set additional provisions for all guaranteed amounts and guaranteed amounts which came overdue for 6 month to alleviate financial risks.
HNX
