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PUBLIC ENTERPRISE ELEKTROPRIVREDA SABINE BELGRADE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 AND INDEPENDENT AUDITOR\'S REPORTCONTENTSAuditors reportConsolidated Balance
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01
Gather financial statements of parent company and all subsidiaries.
02
Eliminate intercompany transactions to avoid double counting.
03
Adjust for differences in accounting methods used by parent and subsidiaries.
04
Combine the financial statements into one set of consolidated financial statements.
05
Disclose any non-controlling interests in the subsidiaries.

Who needs consolidated financial statements year?

01
Large corporations with multiple subsidiaries
02
Investors who want a comprehensive view of the financial health of the corporation
03
Regulatory bodies that require companies to submit consolidated financial statements
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Consolidated financial statements year refers to a set of financial statements that present the financial position, results of operations, and cash flows of a group of entities as if they were a single entity.
A parent company with one or more subsidiaries is typically required to file consolidated financial statements.
Consolidated financial statements are prepared by combining the financial information of the parent company and its subsidiaries into a single set of financial statements.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial health and performance of a group of entities as if they were a single entity.
Consolidated financial statements typically include balance sheets, income statements, cash flow statements, and notes to the financial statements.
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