Unconsolidated Subsidiary

Unconsolidated Subsidiary

A subsidiary whose financial statements are accounted differently from its parent company. That is, an unconsolidated subsidiary publishes its balance sheets, 10-K statements and other information separately. On the parent company's financials, an unconsolidated subsidiary is listed as an investment.
References in periodicals archive ?
CJLR It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.
Royal Bank of Canada (NYSE: RY) (TSX: RY) has plans to redeem all its currently issued and outstanding trust preferred securities and common securities of Business Bancorp Capital Trust I, a Delaware trust and indirect unconsolidated subsidiary of Royal Bank of Canada acquired as a result of the merger with City National Corporation, the company said.
TAYC Capital Trust I is a Delaware Statutory Trust, and is an unconsolidated subsidiary of Taylor Capital Group Inc.
Malone says that, unlike the notorious off-balance sheet arrangements in the Enron debacle, "Polaris Acceptance is a straightforward partnership that's consolidated on Transamerica's balance sheet and is accounted for as an unconsolidated subsidiary on one line in Polaris' balance sheet and income statement.
The increase in net income for the second quarter and the six month period is a result of several factors, including the increased utilization of bottling capacity, the continued cost cutting measures implemented by the Company and the sharing of costs pursuant to several agreements entered into with Gopher State Ethanol, LLC an unconsolidated subsidiary.
Identification of parent companies, their unconsolidated subsidiaries, and the line of business for each unconsolidated subsidiary were determined from the summary of significant accounting policies disclosure in each of the annual reports.
from unconsolidated subsidiary to account for Regency's income from
75% will be paid on 27 June 2014 to security holders of record on 30 June 2014 and the company also mentioned that TAYC Capital Trust I, a Delaware Statutory Trust, is its unconsolidated subsidiary.
Expenses decreased in large part due to the sharing of costs and expenses by the Company with its unconsolidated subsidiary, Gopher State Ethanol, the company reported.
6) Adjusted EBITDA and Combined Adjusted EBITDA differs from previously disclosed amounts as a result of the inclusion of income from unconsolidated subsidiary to account for Regency's income from the Haynesville Joint Venture and the inclusion of non-cash unit based compensation as a reconciling item to Adjusted EBITDA.
According to management, the increase in net income for the second quarter resulted from several factors, including continued cost cutting measures implemented by the Company and several agreements entered into with Gopher State Ethanol, an unconsolidated subsidiary.
an unconsolidated subsidiary in which Abakan owns a 34% direct interest and 27% indirect interest, and to satisfy general working capital requirements.