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TRC SYNERGY BROAD Condensed Consolidated Statement of Comprehensive Income for the quarter ended 31 December 2012 Comparative Current quarter ended 31/12/12 31/12/11 RM 12 months cumulative to 31/12/11

How to fill out condensed consolidated statement of

How to fill out a condensed consolidated statement of:

1. Start by gathering all the necessary financial information for the entities included in the consolidation. This may include balance sheets, income statements, and cash flow statements.
2. Determine the appropriate accounting standards or principles to be used for the consolidation. This is important for ensuring consistency and comparability of financial information.
3. Identify any non-controlling interests or minority interests that need to be accounted for in the consolidation. These are ownership interests in subsidiaries that are not owned by the parent company.
4. Eliminate any intercompany transactions or balances to avoid double-counting. This is done to ensure accurate and reliable financial reporting.
5. Calculate and record the appropriate adjustments for consolidation purposes. This may include adjusting for unrealized gains or losses on intercompany transactions, amortization of intangible assets, and other consolidation adjustments.
6. Prepare the consolidated financial statements, including the condensed consolidated statement of financial position (balance sheet), condensed consolidated statement of comprehensive income (income statement), and condensed consolidated statement of cash flows.
7. Ensure that the consolidated financial statements comply with relevant accounting standards and regulatory requirements.

Who needs a condensed consolidated statement of:

1. Investors and shareholders: They rely on consolidated financial statements to assess the overall financial position and performance of a company and its subsidiaries. It provides an overview of the financial health and profitability of the entire group.
2. Creditors and lenders: They use consolidated financial statements to evaluate the creditworthiness of a company. It helps them assess the company's ability to repay debts and fulfill financial obligations.
3. Regulators and government agencies: They require consolidated financial statements to monitor compliance with accounting standards and regulations. It helps them ensure transparency, accuracy, and integrity of financial reporting.
4. Management and executives: They use consolidated financial statements to make informed business decisions and measure the financial performance of the group as a whole. It assists in evaluating the success of strategic initiatives and identifying areas for improvement.
5. Analysts and financial professionals: They analyze consolidated financial statements to assess the valuation and investment potential of a company. It helps in conducting financial modeling, forecasting, and benchmarking against industry peers.

Overall, a condensed consolidated statement of financial position provides a concise summary of the financial position, performance, and cash flows of a group. It is an essential tool for various stakeholders to assess the overall financial health and value of a company and its subsidiaries.

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What is condensed consolidated statement of?

Condensed consolidated statement is a summary financial statement that combines the financial results of a parent company and its subsidiaries into one report.

Who is required to file condensed consolidated statement of?

Publicly traded companies are typically required to file condensed consolidated statements as part of their financial reporting obligations.

How to fill out condensed consolidated statement of?

Condensed consolidated statements are typically prepared by consolidating the financial information of a parent company and its subsidiaries using accounting principles such as GAAP or IFRS.

What is the purpose of condensed consolidated statement of?

The purpose of a condensed consolidated statement is to provide a comprehensive overview of the financial position and performance of a company and its subsidiaries.

What information must be reported on condensed consolidated statement of?

A condensed consolidated statement typically includes key financial information such as revenues, expenses, assets, liabilities, and equity.