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TMKARTROM S.A. CONSOLIDATED SUSTAINABILITY REPORT 2020 INDIVIDUAL AND CONSOLIDATED NONFINANCIAL STATEMENT The content of this report has been drawn up in accordance with the Global Reporting Initiative
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01
Separate Report:
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- Gather all relevant information and data for the specified time period
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- Organize the information into appropriate sections such as financial data, operational details, etc.
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- Fill out the necessary forms or templates with the compiled information
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- Review and double-check the accuracy of the filled out data
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- Submit the separate report to the designated recipient
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Consolidated Report:
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- Collect individual reports from each department or branch
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- Combine the information from each report into a single document
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- Ensure all data is accurately represented and there are no discrepancies
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- Review and verify the consolidated report before submission
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- Submit the consolidated report to the appropriate stakeholders

Who needs separate and consolidated report?

01
Business owners and stakeholders who require a comprehensive overview of the company's performance
02
Government agencies or regulatory bodies that mandate submission of financial or operational reports
03
Investors or creditors who need detailed information on the company's financial health
04
Internal management teams looking to evaluate the overall performance of the organization
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A separate report is an individual financial statement for a specific entity, while a consolidated report combines the financial information of a parent company and its subsidiaries into a single set of financial statements.
Publicly traded companies and certain large private companies are typically required to file consolidated reports. Additionally, individual entities within a group may need to file separate reports based on regulatory requirements.
To fill out separate and consolidated reports, companies must gather financial data from their accounting systems, ensure compliance with relevant accounting standards, and use appropriate templates or software designed for financial reporting to compile and present the information accurately.
The purpose of separate and consolidated reports is to provide a clear financial picture of an individual entity and the entire corporate group, allowing stakeholders to assess performance, liquidity, and financial health.
Both reports must include key financial statements such as the balance sheet, income statement, statement of cash flows, and notes to the financial statements detailing significant accounting policies and transactions.
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