NOTES TO THE FINANCIAL STATEMENTS
Note 20: Parent Entity Financial Information (continued) There are three controlled entities of the parent entity which are all 100% owned. These are Nutrivital Pty Ltd, Go Vita Agencies Pty Ltd and H F D M Pty Ltd. Note 21: Auditors’ Remuneration
2021 $
2020 $
Remuneration of the auditor of the company for auditing or reviewing the financial report
16,000
16,000
16,000
16,000
Note 22: Events after the end of the reporting period During the month of August 2021 sales declined by 32% because of lockdowns which was sufficient for the Company to be eligible for the Government Jobsaver program for that month. No other matters or circumstances have arisen since the end of the financial period which have significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods. Note 23: Company Details The registered office and principal place of business of the company is:
Go Vita Group Limited 1056 Canley Vale Road Wetherill Park NSW 2164 Note 24: Critical accounting estimates and judgments
The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Consolidated Entity’s accounting policies. The Directors evaluate estimates and judgements incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on historical experiences and the best available current information on current trends and economic data, obtained both externally and within the Consolidated Entity. The estimates and judgements made assume a reasonable expectation of future events but actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period and future periods if the revision affects both current and future periods.
GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 I 65
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