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N1 hf. Condensed Consolidated Interim Financial Statements 1 January to 30 June 2018This is a translation of the Icelandic original. In the event of discrepancies between the Icelandic language version
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Condensed consolidated interim financial statements are summarized financial reports that present the financial position and performance of a group of companies at a specified interim date, typically prepared for a quarter.
Publicly traded companies and certain financial institutions are generally required to file condensed consolidated interim financial statements under applicable accounting standards and regulatory requirements.
To fill out condensed consolidated interim financial statements, companies should compile financial data from their subsidiaries, prepare summary tables, ensure compliance with relevant accounting standards, and review for accuracy before submission.
The purpose of condensed consolidated interim financial statements is to provide timely and useful financial information to stakeholders, allowing them to assess the financial health and performance of the group during interim periods.
Condensed consolidated interim financial statements must include a balance sheet, income statement, cash flow statement, and additional notes that provide context to the data and highlight significant changes since the last reporting period.
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