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DRAFT STRICTLY CONFIDENTIAL Croatian Telecom Inc. Consolidated financial statements 31 December 2019DRAFT STRICTLY CONFIDENTIALContents Page Independent Auditors Report2Responsibility for the consolidated
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How to fill out consolidated financial statements

01
Gather financial information from each individual entity within the group.
02
Eliminate intercompany transactions to avoid double counting.
03
Combine financial information from each entity to create a single set of consolidated financial statements.
04
Adjust for any differences in accounting policies or reporting periods between entities.
05
Prepare additional disclosures to explain the consolidation process and provide transparency.

Who needs consolidated financial statements?

01
Large corporations with subsidiaries or joint ventures.
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Investors and shareholders looking for a comprehensive view of the group's financial performance.
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Regulatory bodies requiring consolidated financial statements for compliance purposes.
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Consolidated financial statements are financial reports that aggregate the financial information of a parent company and its subsidiaries, presenting them as a single entity.
Generally, publicly traded companies and those with significant investments in subsidiaries or controlled entities are required to file consolidated financial statements.
To fill out consolidated financial statements, companies must combine the financial data of all entities in the group, eliminating inter-company transactions and balances, while ensuring proper alignment with accounting standards.
The purpose of consolidated financial statements is to provide a clear and comprehensive overview of the financial position, performance, and cash flows of an entire corporate group, facilitating better financial analysis and transparency.
Consolidated financial statements must report combined income statements, balance sheets, cash flow statements, equity statements, and notes to the financial statements, detailing the contributions of each subsidiary.
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