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National Health Funding Body Statement of Changes in Equity for the year ended 30 June 2021

Retained earnings

Total equity

Original Budget
$

2021
$

2020
$

2021
$

2020
$

Opening balance

Balance carried forward from previous period

1,952,647

1,556,548

1,952,647

1,556,548

1,557,000

Net Effect of a Correction

(262,486)

(262,486)

Restated Balance carried forward from previous period

1,952,647

1,294,062

1,952,647

1,294,062

Comprehensive income

Surplus/(Deficit) for the period

476,596

658,585

476,596

658,585

744,000

TOTAL COMPREHENSIVE INCOME

476,596

658,585

476,596

658,585

744,000

CLOSING BALANCE

2,429,243

1,952,647

2,429,243

1,952,647

2,301,000

CLOSING BALANCE ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT

2,429,243

1,952,647

2,429,243

1,952,647

2,301,000

The above statement should be read in conjunction with the accompanying notes.