CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Statement of Changes in Head Office Account For the year ended March 31, 2024 (expressed in Eastern Caribbean dollars) 5 Due to Head Office $ Accumulated deficit $ Total $ Balance at April 1, 2022 4,954,419 (928,573) 4,025,846 Prior period adjustment (i) 85,180 (85,180) – Balance restated at April 1, 2022 5,039,599 (1,013,753) 4,025,846 Repayments to head office (Note 6 (iv)) (1,643,054) – (1,643,054) Profit for the year restated – 21,307 21,307 Balance restated at March 31, 2023 3,396,545 (992,446) 2,404,099 Balance restarted at April 1, 2023 3,396,545 (992,446) 2,404,099 Repayments due to head office (Note 6 (iv)) 34,905 – 34,905 Loss for the year – (4,243) (4,243) Balance at March 31, 2024 3,431,450 (996,689) 2,434,761 See accompanying notes to the financial statements. (i) The prior period adjustment for 2022 refers to audit fees paid by Head Office which were under accrued at the Branch level. These amounts have now been fully adjusted for in these financial statements. Note 19 (i) also reflects any changes with respect to the same and the impact on other operating expenses.
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