Combined Financial Statement

Combined financial statement

A financial statement that merges the assets, liabilities, net worth, and operating figures of two or more affiliated companies. A combined statement is distinguished from a consolidated financial statement of a company and subsidiaries, which must reconcile investment and capital accounts.

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Combined Financial Statement

1. A financial statement giving information on the assets, liabilities, profits, and losses of a corporation containing multiple companies. Each company's financial statement is given individually (that is, statements are not reconciled) and released together. This gives investors and shareholders an idea of the relative standing of each affiliated company and subsidiary, and thus the prospects for the corporation as a whole. It is important to note that a combined financial statement is different from a consolidated financial statement, which reconciles the numbers.

2. A service a bank provides to customers giving each a statement containing information on all accounts with the bank, not only one at a time.