Adjustments on 2016's audited FS
On 8th January 2018, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) received the dispatch No.150/KTNN-TH of the State Audit of Vietnam on sending the auditing report of VietinBank’s 2016 Financial Statements.
Accordingly, VietinBank has adjusted 2016’s consolidated and non - consolidated financial statements, audited by independent auditor according to auditing reports of the State Audit of Vietnam.
As the State Audit of Vietnam only adjusts the data on the consolidated balance sheet and the consolidated income statement, VietinBank must adjust the separate balance sheet and the separate income statement (cash flow statement is not adjusted) in the enclosed appendices.
The adjustment of 2016’s audited financial statements are made for the beginning data of QIV/2017’s financial statements, the figures on QI, QII, QIII/2017’s financial statements remain unchanged.
Major adjustments include:
- For the balance sheet: adjustment of debt classification, historical cost of fixed assets, depreciation, other assets, payables and other liabilities.
- For the income statement: adjustment of provisions, operating expenses, interest income and corporate income tax expenses respectively.
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