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Government of Lao People\'s Democratic RepublicMinistry of Home AffairsUnited Nations Development ProgrammeGOVERNANCE AND PUBLIC ADMINISTRATION REFORMnational Gpar Programme secretariat support project(UNDP/00081709)ANNUAL
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How to fill out consolidated annual report on

01
Gather all the financial statements of the subsidiaries within the group.
02
Eliminate any inter-company transactions to avoid double counting.
03
Adjust for any variations in accounting standards between the subsidiaries.
04
Calculate the consolidated financial figures, including revenue, expenses, assets, and liabilities.
05
Prepare the notes to the consolidated financial statements to provide additional detail and context.
06
Have the consolidated financial statements audited by an external auditor.
07
File the consolidated annual report with the relevant regulatory authorities.

Who needs consolidated annual report on?

01
Companies that have subsidiary companies within their group.
02
Regulatory authorities that require consolidated financial information for oversight purposes.
03
Shareholders and potential investors who want a comprehensive view of the financial health of the group.

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A consolidated annual report provides a comprehensive overview of the financial performance and position of a group of companies, which includes the parent company and its subsidiaries, over a fiscal year.
Companies that have one or more subsidiaries are typically required to file a consolidated annual report to present the financial results of the entire group.
To fill out a consolidated annual report, companies must aggregate financial statements from the parent and subsidiary companies, eliminate intercompany transactions, and provide necessary disclosures according to applicable accounting standards.
The purpose of a consolidated annual report is to provide stakeholders with a clear view of the overall financial health and performance of the entire corporate group, rather than just individual entities.
A consolidated annual report must include consolidated financial statements such as the consolidated income statement, balance sheet, cash flow statement, and notes to the financial statements.
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