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PUBLIC ENTERPRISE ELEKTROPRIVREDA SABINE BELGRADE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 AND INDEPENDENT AUDITOR\'S REPORTCONTENTSAuditors reportConsolidated Income
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01
Ensure all subsidiaries are identified and included in the consolidation process.
02
Gather financial information from each subsidiary, including balance sheets, income statements, and cash flow statements.
03
Eliminate any intercompany transactions to avoid double counting.
04
Adjust for any differences in accounting policies or reporting periods among subsidiaries.
05
Combine the financial statements of all subsidiaries into a single, consolidated financial statement for the entire year.

Who needs consolidated financial statements year?

01
Large corporations with multiple subsidiaries operating in different regions or industries.
02
Investors, analysts, and stakeholders interested in getting a comprehensive view of the financial health and performance of the entire group.
03
Regulators and tax authorities requiring a consolidated view of the financial position of a group of companies.
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Consolidated financial statements year refer to a comprehensive report that combines the financial results of a parent company and its subsidiaries.
Companies with subsidiaries that meet certain criteria are required to file consolidated financial statements.
Consolidated financial statements are typically prepared by combining the individual financial statements of the parent company and its subsidiaries.
The purpose of consolidated financial statements is to provide a complete picture of the financial health and performance of the entire group of companies.
Consolidated financial statements must include the financial results of the parent company and its subsidiaries, as well as any intercompany transactions and balances.
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