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CITY OF ASHEVILLE and ASHEVILLE REGIONAL HOUSING CONSORTIUM CONSOLIDATED ANNUAL PERFORMANCE AND EVALUATION REPORT FOR THE CBG AND HOME PROGRAMS Year Ending June 30, 2013, Submitted to the Citizens
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Investors and shareholders who want an accurate and comprehensive view of a company's financial performance, particularly in cases where the company operates through subsidiaries or has significant investments or joint ventures.
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Regulatory bodies or government agencies that oversee the financial activities of companies or organizations, such as the Securities and Exchange Commission (SEC) in the United States, who may require consolidated financial statements for compliance and reporting purposes.
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Consolidated annual performance is a report that summarizes the financial performance and results of operations of a group of companies.
Companies that have subsidiaries or affiliates that meet certain thresholds are required to file consolidated annual performance.
Consolidated annual performance is typically filled out by compiling financial information from each subsidiary or affiliate and combining them into one report.
The purpose of consolidated annual performance is to provide a comprehensive view of the financial performance of a group of companies, rather than viewing them individually.
Information such as revenue, expenses, assets, liabilities, and other financial metrics of each subsidiary or affiliate must be reported on consolidated annual performance.
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