IN AUGUST 2014, WALC SETTLED A CLAIM OF VND680 MILLION FR...

3. In August 2014, WALC settled a claim of VND680 million from a client for giving wrong advice and causingdamages to the client. The initial claim was made in 2008 for VND1,000 million, and WALC made a provisionfor the full VND1,000 million in its audited financial statements for 2008 as this amount was accepted as a fairestimate by the auditor at that time. WALC properly adjusted for (i.e. added back) the amount of VND1,000 million when preparing its 2008 tax return. On 31 December 2014, WALC made a reversal of theover-provision of VND320 million (i.e. the difference between the original provision of VND1,000 million and theactual settlement of VND680 million) as a reduction of its administration expenses.