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2019A N U A L S TAT U T O R Y R E P O R T2 0 1 9 GR OUT CONS OF DAT E D F FINANCIAL S TAT E ME N T S1LETTER FROM THE CHAIRMAN Sun International 6 Sundown Valley Crescent Sand ton 2146 26 March 2020
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01
Gather all individual financial statements of the group members.
02
Eliminate intercompany transactions to avoid double counting.
03
Consolidate the financial statements using a consolidation method (e.g. acquisition method or equity method).
04
Adjust for any differences in accounting policies among group members.
05
Prepare consolidated financial statements including balance sheet, income statement, and cash flow statement.

Who needs group audited consolidated financial?

01
Shareholders and investors to assess the overall financial health and performance of the group.
02
Regulators and government authorities for compliance and regulatory purposes.
03
Creditors and lenders to evaluate the creditworthiness of the group as a whole.
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Group audited consolidated financial refers to the combined financial statements of a group of companies that have been audited by a certified public accountant.
Companies that are part of a group and are required to prepare consolidated financial statements are usually required to file group audited consolidated financial.
Group audited consolidated financial statements are typically prepared by combining the individual financial statements of each company in the group and adjusting for intercompany transactions and balances.
The purpose of group audited consolidated financial statements is to provide a clear picture of the financial position and performance of the entire group, rather than just individual companies within the group.
Group audited consolidated financial statements typically include a consolidated balance sheet, income statement, cash flow statement, and notes to the financial statements.
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