This is the reason why the Securities Commission did not agree with Vietnam Airlines to postpone the publication of financial statements

Specifically, on April 29, the Vietnam Airlines Corporation – Vietnam Airlines (code: HVN) sent a report to the State Securities Commission and the Hanoi Stock Exchange with the content requesting a postponement of the public announcement. announced financial statements for the first quarter of 2022.

Vietnam Airlines gave the reason that in the first months of 2022, the situation of the Covid-19 epidemic was still complicated, many of its officers and employees had to be isolated and treated at home, leading to a shortage of personnel. do accounting work.

The remaining staff must give priority to completing the audited financial statements for 2021, so they cannot focus on preparing the financial statements for the first quarter of 2022. Therefore, Vietnam Airlines has not been able to disclose information for the first quarter of 2022 according to regulations.

After reviewing the report of Vietnam Airlines, the State Securities Commission said: “The reason given by Vietnam Airlines in the official dispatch dated April 29 is inappropriate”.

The State Securities Commission requires Vietnam Airlines to publish quarterly financial statements within 20 days from the end of the quarter as prescribed by law. Along with that, this Committee proposed Vietnam Airlines urgently publish the audited financial statements for 2021 and the annual report for 2021.

According to the provisions of Clause 3, Article 14, Circular 96/2020 of the Ministry of Finance, a large-scale stock-listing organization must publish quarterly financial statements within 20 days from the end of the quarter, i.e. The report for the first quarter of 2022 must be published by April 20, 2022 at the latest.

A public company must disclose its audited annual financial statements within 10 days from the date the audit organization signs the audit report, but not more than 90 days from the end of the year. 2021 must be announced no later than March 31, 2022.

Also according to the financial report of the fourth quarter of 2021 (unaudited) of Vietnam Airlines shows that this total loss after tax was 13,338 billion VND in the previous year.

The accumulated loss on the balance sheet as of December 31 was up to 21,978 billion VND, equivalent to nearly one billion USD.

According to the report, the company’s revenue in the fourth quarter of 2021 reached more than 9,200 billion VND, an increase of more than 1,000 billion compared to the same period in 2020, accumulated for the whole year, revenue reached 28,093 billion VND, down 31% compared to the same period last year. And HVN’s profit after tax in the fourth quarter of 2021 suffered a loss of 1,184 billion dong, accumulating a loss of 13,337 billion dong.