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FORM ABS ICICI Prudential Life Insurance Company Limited Reign. No. 105 dated 24.11.2000 Consolidated Condensed Balance Sheet at September 30, 2014 ('000) Particulars Schedule Sources of funds Shareholders
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How to fill out a consolidated condensed balance sheet:

01
Start by gathering financial information from all subsidiary companies. This includes their balance sheets, income statements, and cash flow statements.
02
Eliminate any intercompany transactions and balances. These are transactions and balances between the subsidiary companies that need to be removed for consolidation purposes.
03
Sum up the financial information from all subsidiary companies. Add up the assets, liabilities, and equity of each company to arrive at the combined totals.
04
Include any minority interest. If the parent company does not fully own a subsidiary, the portion of the subsidiary's equity that is owned by external parties should be reported as minority interest.
05
Prepare a consolidated condensed balance sheet. This should show the combined assets, liabilities, and equity of the parent company and all subsidiary companies.
06
Ensure that the consolidated balance sheet follows the accounting standards and regulations applicable to your jurisdiction.
07
Review and analyze the consolidated condensed balance sheet to evaluate the financial position and performance of the entire consolidated entity.

Who needs a consolidated condensed balance sheet?

01
Companies with subsidiary companies: Consolidated condensed balance sheets are typically used by companies that own multiple subsidiary companies. It allows them to present a clear and comprehensive view of the financial position of the entire consolidated entity.
02
Investors and stakeholders: Investors and stakeholders who are interested in understanding the financial health of a company with subsidiary companies may require a consolidated condensed balance sheet. This provides a consolidated view of the assets, liabilities, and equity of the entire consolidated entity, which can help them make more informed investment decisions.
03
Regulatory authorities: In some jurisdictions, companies with subsidiary companies are required by law to prepare and submit consolidated condensed balance sheets to regulatory authorities. This is to ensure transparency and proper financial reporting.
Overall, a consolidated condensed balance sheet is a valuable financial statement that provides a holistic view of a company and its subsidiary companies. It helps stakeholders assess the financial health, performance, and potential risks of the entire consolidated entity.
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A consolidated condensed balance sheet is a financial statement that shows the financial position of a group of companies as a single entity, combining their assets, liabilities, and equity.
Companies with subsidiaries or related entities are usually required to file a consolidated condensed balance sheet.
To fill out a consolidated condensed balance sheet, you need to gather the financial information of all the entities within the group and then combine them into one financial statement.
The purpose of a consolidated condensed balance sheet is to provide a comprehensive view of the financial position of a group of companies, helping investors and stakeholders make informed decisions.
A consolidated condensed balance sheet must include the assets, liabilities, and equity of the parent company and its subsidiaries, along with any intercompany transactions and eliminations.
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