V15: Report on audit exception for semi-annual financial statement 2012
V15: Report on audit exception for semi-annual financial statement 2012
On 13/08/2012, the Vietnam Construction Joint Stock Company No.15 announces about the explanations of the changes in data and audit exception for the semi-annual financial statement 2012 as below:
1. Information on the Balance Sheet:
The total assets before and after checking the Semi-annual financial statement do not change. However, the Inventory Expense (code No.141) increases and Advanced payment for suppliers decreases (code No. 132) as on the Balance Sheet: VND 846,803,700. The reason is because the company is gathering up all the expense documents to reflect clearly the work in progress at the moment of 30/06/2012.
2. Audit opinion and Explanation of Vietnam Construction JSC No.15:
- Audit Opinion: on 30/06/2012, the company has the balance of receivable from customers and other receivables more than 3 years of VND 3,319,341,457 and has not set up the allowance for bad debts and for these receivables. We cannot estimate the reclamation ability therefore we will not have any opinions about the necessary allowance for these receivables and their effects on the other items of the financial statement.
- Explanation of the company: Above are the internal receivable and the company has the reclamation ability in a near future. This is the reason why we have not set up the allowance for these receivables in the Semi-annual financial statement 2012. However, the company will have positive solution to call in those receivables in the shortest time.
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