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NIC HOLDINGS LIMITED (Formerly National Insurance Corporation Limited) CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OF CASH FLOOR THE YEAR ENDED 31

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How to fill out consolidated financial statements

01

Gather financial statements of all subsidiaries.

02

Eliminate intercompany transactions to avoid double counting.

03

Add together the individual financial statements of all subsidiaries.

04

Adjust for any minority interest.

05

Present the consolidated financial statements.

Who needs consolidated financial statements?

01

Parent companies with subsidiaries.

02

Investors who want a complete picture of a company's financial health.

03

Regulators requiring a more comprehensive view of a company's finances.

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What is consolidated financial statements?

Consolidated financial statements combine the financial information of a parent company and its subsidiaries into a single report.

Who is required to file consolidated financial statements?

Companies with subsidiary entities that they control are required to file consolidated financial statements.

How to fill out consolidated financial statements?

Consolidated financial statements are typically prepared by combining the financial data of the parent company and its subsidiaries using specific accounting rules and guidelines.

What is the purpose of consolidated financial statements?

The purpose of consolidated financial statements is to provide a comprehensive view of the financial position and performance of a group of companies under common control.

What information must be reported on consolidated financial statements?

Consolidated financial statements must include the financial data of the parent company and all its subsidiary entities, as well as elimination of any intercompany transactions.

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