consolidated accounts

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consolidated accounts

the aggregate accounts of a group of companies. A consolidated BALANCE SHEET is compiled by adding the assets and LIABILITIES of all companies in the group, after making allowance for any amounts that companiesin the group owe to one another. A consolidated PROFIT-AND-LOSS ACCOUNT is prepared by adding the SALES REVENUES and COSTS of all companies in the group, after deducting the effects of any sales between companies within the group. The claims of any MINORITY INTERESTS in group assets and profits must also be allowed for.

Preparation of consolidated accounts for a MULTINATIONAL ENTERPRISE with subsidiary companies in several countries is complicated by the need to translate the accounts of these subsidiaries, expressed in terms of their local currencies, into the domestic currency of the parent company (see FOREIGN CURRENCY TRANSLATION, EXCHANGE RATE EXPOSURE). See HOLDING COMPANY.

References in periodicals archive ?
The main items in the proforma consolidated accounts, drawn up on the assumption that the merger was effective on January 1, 1998, and in accordance with the accounting methods of the new Group, are as follows:
Because of the facts here above explained, we think that the consolidated accounts are not, on looking at the French accounting rules and principles, true and fair and do not give a faithful image neither of the operational result of the past financial year nor of the financial situation and of the company's patrimony at the end of the year.
The contract is 1) The opening and maintenance of the Employer units (the Units) of the consolidated accounts a) Fundsi.
Delivery co-statutory accounts for the financial statements of the Company and the consolidated accounts of the group.
Presentation of the Annual Report, the Auditors' Report on the Parent Company, the Consolidated Accounts and the Auditors' Report on the Group.
On 4th October the Committee of Permanent Representatives (COREPER I) authorized the Lithuanian Presidency to start discussions with the European Parliament and the Commission with a view to reaching an agreement in first reading regarding the Proposal for a Directive of the European Parliament and of the Council amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts and the Proposal for a Regulation of the European Parliament and of the Council on specific requirements regarding statutory audit of public-interest entities.
The necessary registration and transfer of the shares and the licenses has now been effectively concluded, allowing the company file an 8k, along with the consolidated accounts.
Contract award: control college annual accounts intercommunales idelux scrl, idelux public projects scrl, iaec scrl and idelux finance scrl and consolidated accounts of the group for the financial years 2013, 2014 and 2015.
In forging the partnership, DIVA President Tetsuji Morikawa said, "DIVA will not only localize Cartesis ES Planning, but also incorporate data linking it with our consolidated accounting system, DivaSystem, so as to provide an effective solution for compiling budgets and consolidated accounts.
Appointment of company auditors : - Audit of the statutory financial statements in accordance with accounting rules Belgium (BE-GP); : - Audit of the consolidated accounts and the limited review of the interim financial information summarized and consolidated Elia System Operator in accordance with IFRS (International Financial Reporting Standards); : - Report to the board of the group; : - Report and present to the Audit Committee; : - The annual CREG relating to disposals of assets and unregulated activities report; : - Compared to the works council (including the annual information); : - Other non-recurring spots (on request) quadrants in the mission of Commissioners.
The entire acquisition rate in the consolidated accounts is 3.

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