Chapter III
INFORMATION DISCLOSURE BY ORGANIZATIONS THAT HAVE SHARES LISTED, LARGE-SCALE PUBLIC COMPANIES
Article 14. Periodic information disclosure
1. Organizations that have shares listed and large-scale public companies shall periodically disclose information according to Article 10 of this Circular.
2. Organizations that have shares listed and large-scale public companies shall disclose their half-year financial statements which have been reviewed by accredited audit organizations.
a) Half-year financial statements must be complete interim financial statements which are prescribed in the Accounting Standard “Interim financial statements”, contain financial figures in 06 first months of the fiscal year of the company, and are prepared according to Point a Clause 1 Article 10 of this Circular;
b) Half-year financial statements must be reviewed according to Standard on review of financial statements. The full text of the half-year financial statements shall be disclosed together with the review conclusions and the company's explanation about any qualified review conclusion;
c) Time limit for disclosure of half-year financial statements
The organization that has shares listed or large-scale public company must disclose its reviewed half-year financial statements within 05 days from the day on which the audit organization signs the review report and within 45 days from the end of 06 first months of the fiscal year.
If the organization that has shares listed or large-scale public company is a parent company or superior accounting unit that has affiliated units with separate accounting apparatus, it must disclose its reviewed half-year financial statements within 05 days from the day on which the audit organization signs the review report and within 60 days from the end of 06 first months of the fiscal year.
3. Organizations that have shares listed and large-scale public companies shall disclose their quarterly financial statements or reviewed quarterly financial statements (if any).
a) Quarterly financial statements must be complete interim financial statements which are prescribed in the Accounting Standard “Interim financial statements” and prepared according to Point a Clause 1 Article 10 of this Circular;
b) The full text of the quarterly financial statements or reviewed quarterly financial statements (if any) shall be disclosed together with the review conclusions and the company's explanation in case qualified review conclusions are given to the reviewed quarterly financial statements;
c) Time limit for disclosure of quarterly financial statements
The organization that has shares listed or large-scale public company must disclose its quarterly financial statements within 20 days from the end of the quarter. The organization that has shares listed or large-scale public company must disclose its reviewed quarterly financial statements (if any) within 05 days from the day on which the audit organization signs the review report and within 45 days from the end of the quarter.
If the organization that has shares listed or large-scale public company is a parent company or superior accounting unit that has affiliated units with separate accounting apparatus, it must disclose its quarterly financial statements within 30 days from the end of the quarter.
If the organization that has shares listed or large-scale public company has disclosed its reviewed quarterly financial statements within the prescribed time limit for disclosure of quarterly financial statements, it shall not be required to disclose its quarterly financial statements.
4. When disclosing information about financial statements specified in Clauses 1, 2 and 3 of this Article, the organization that has shares listed or large-scale public company shall be required to provide explanation from the occurrence of any of the following events:
a) After-tax profit shown in the income statement of the reporting period increases/decreases by at least 10 compared to that of the same reporting period in the previous year;
b) After-tax profit of the reporting period is negative; YOY profit is changed from a positive number to a negative number or vice versa;
c) After audit or review, after-tax profit of the reporting period varies by at least 5% and is changed from a positive number to a negative number or vice versa.
5. If the organization that has shares listed or large-scale public company is a parent company or superior accounting unit that has affiliated units with separate accounting apparatus, it must provide explanation about the events in Clause 4 of this Article based on the financial statements of the parent company or general and consolidated financial statements.
Article 15. Ad hoc information disclosure
1. Organizations that have shares listed and large-scale public companies must disclose information on ad hoc basis in cases prescribed in Article 11 of this Circular.
2. The organization that has shares listed or large-scale public company shall disclose information on an ad hoc basis within 24 hours from the occurrence of one of the following events:
a) Decision on increasing or decreasing of charter capital;
b) Decision on investment in an organization, project, borrowing, lending or another transaction whose value is at least 10% of total assets of the company according to the latest audited annual financial statements or latest reviewed half-year financial statements (or the consolidated financial statements if the public company is a parent company);
c) Decision on capital contribution worth at least 50% of charter capital of an organization (determined according to the charter capital of that organization before receipt of contributed capital).
Article 16. Disclosure of information on request
Organizations that have shares listed and large-scale public companies shall disclose information on request as prescribed in Article 12 of this Circular.
Article 17. Disclosure of information about other activities of organizations that have shares listed, large-scale public companies
Organizations that have shares listed and large-scale public companies must disclose information about other activities according to Article 13 of this Circular.
Article 18. Time of beginning and ending of information disclosure by large-scale public companies
1. A public company shall disclose information of a large-scale public company according to regulations of this Circular from the time its equity is VND 120 billion or more as shown in the latest audited annual financial statements.
2. Within 01 year from the date on which it is no longer a large-scale public company as prescribed in Clause 1 Article 3 of this Circular, the company shall continue disclosing information as a large-scale public company as prescribed in this Circular.
Tìm kiếm
Thông tư 96/2020/TT-BTC (Bản Word)
Thông tư 96/2020/TT-BTC (Bản Pdf)