Consolidated Financial Statement

Entrust KR Group with the preparation of your financial statements

Consolidated Financial Statement

At the end of each fiscal year, companies are obliged to prepare a financial statement - a document which provides an overview of the company’s annual financial activities. Businesses required to keep accounting books under the Accounting Act, or those which have chosen to do so voluntarily, must prepare a financial statement. A group of companies (entities) with capital ties must prepare a consolidated financial statement for the capital group.

The consolidated financial statement is prepared at the level of the parent entity, i.e., the entity that exercises control over other entities in the group (subsidiaries and jointly controlled entities). This statement includes the financial data and operational results of all entities within the capital group, treating them as a single entity.

What does a Consolidated Financial Statement consist of?

In accordance with the Accounting Act, the consolidated financial statement comprises of:

a consolidated balance sheet
a consolidated income statement
a consolidated cash flow statement
a consolidated statement of changes in equity (fund)
supplementary information, including an introduction to the consolidated financial statement and additional notes and explanations.

Our Support

Preparation of a consolidation template with accompanying notes and consolidation adjustments.
Consolidation preparation for the fiscal year under Polish Accounting Standards or IFRS.
Preparation of the consolidated financial statement with notes and a descriptive section.
Preparation of a report on the group’s activity.
Verification of consistent valuation principles.