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Meridian Group Investments Limited Consolidated Financial Statements 31 March 2018CONTENTS Page Group Financial Highlights3Strategic and Directors Report Operating Review4 Summary of Financial Performance15
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01
Identify the entities that need to be included in the consolidation.
02
Gather financial statements from each entity to be consolidated.
03
Eliminate intercompany transactions to avoid double counting.
04
Adjust for any differences in accounting policies between entities.
05
Combine the financial statements of each entity into a single set of consolidated financial statements.

Who needs consolidated financial statements and?

01
Parent companies with subsidiaries
02
Investors looking for a complete financial picture of a group of companies
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Regulatory authorities requiring transparent financial reporting
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Consolidated financial statements are financial reports that present the financial position and performance of a parent company and its subsidiaries as a single entity.
Companies that have one or more subsidiaries are generally required to file consolidated financial statements, particularly if they are publicly traded or subject to regulatory requirements.
To fill out consolidated financial statements, combine the financial data of the parent company and its subsidiaries by eliminating intercompany transactions and balances.
The purpose of consolidated financial statements is to provide a clear and comprehensive overview of the financial health and performance of the entire corporate group, rather than just the individual entities.
Consolidated financial statements must report the consolidated balance sheet, income statement, cash flow statement, and notes to the financial statements, including details about the subsidiaries and any significant transactions.
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