SCHOOLS DIVISION OFFICE

San Carlos City, Pangasinan

STATEMENT OF CHANGES IN NET ASSETS/EQUITY
CONSOLIDATED FINANCIAL STATEMENT (ALL FUNDS)
For the Year Ended December 31, 2021
(With Comparative Figures from CY 2020)
(In Philippine Peso)

Accumulated
(Surplus/(Deficit)

2021 2020

Balance, January 1 547,012,383.90 553,172,987.56

Add/(Deduct): - -
Changes in accounting policy (21,219.82) (47,480.98)
Material Errors/Unrecorded revenue/expenses - -
Prior period errors 55,942,272.74 -
Other adjustments (245,394.85) 6,204,904.37
602,688,041.97 559,330,410.95

Surplus/(Deficit) for the period 60,498,446.23 (19,510,371.54)

Subsidy from National Government - -
Remittance of Unutilized Funds (PRIME) - -
Total recognized revenue and expense for the period 62,544,379.72 (12,318,027.05)

Balance at December 31 665,232,421.69 547,012,383.90

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