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CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION FOR THE PERIOD ENDED 30 September 2021In accordance with International Accounting Standard 34 (as adopted by the E.U.)The Condensed Interim Consolidated
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Start by gathering all the necessary financial statements of the company, including the balance sheet, income statement, and cash flow statement.
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Analyze and review each financial statement to understand the company's financial position and performance.
03
Identify and combine relevant items from each financial statement to create a consolidated condensed set.
04
Adjust the values of the combined items to eliminate intercompany transactions and any duplication of data.
05
Present the consolidated condensed set in a format that provides a clear and concise overview of the company's financial performance and position.
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Review the consolidated condensed set for accuracy and ensure it complies with any applicable accounting standards and regulations.
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Provide appropriate disclosures and footnotes to enhance the understanding of the consolidated condensed set.
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Shareholders: Shareholders of the company need the consolidated condensed set to assess the overall financial health and performance of the company.
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A company's consolidated condensed set refers to a summarized financial report that combines the financial statements of the parent company and its subsidiaries, providing a complete view of the financial position and performance of the entire group.
Typically, public companies and other entities that meet specific regulatory requirements are required to file a company's consolidated condensed set as part of their financial reporting obligations.
To fill out a company's consolidated condensed set, entities must gather financial data from the parent company and all subsidiaries, combine the relevant figures, eliminate intercompany transactions, and prepare the report in accordance with the applicable accounting standards.
The purpose of a company's consolidated condensed set is to provide stakeholders with a transparent and unified view of the financial health and performance of the entire group of companies, facilitating better decision-making.
The information reported on a company's consolidated condensed set typically includes condensed consolidated income statements, balance sheets, cash flow statements, and notes that explain significant accounting policies and any relevant changes.
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