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CONSOLIDATED FINANCIAL STATEMENTS OFMONUMENT MINING LIMITED (Expressed in thousands of United States dollars) For the year ended June 30, 2023 and 2022MANAGEMENTS RESPONSIBILITY FOR THE FINANCIAL
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01
Gather financial statements for all subsidiaries.
02
Eliminate inter-company transactions to avoid double counting.
03
Add up the assets, liabilities, equity, revenues, and expenses of all subsidiaries.
04
Adjust for any differences in accounting methods used by the subsidiaries.
05
Prepare a consolidated balance sheet, income statement, and cash flow statement for the group as a whole.

Who needs consolidated financial statements june?

01
Companies with subsidiaries or affiliated entities.
02
Investors and shareholders looking for a comprehensive view of the group's financial performance.
03
Regulatory bodies requiring consolidated financial statements for compliance purposes.
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Consolidated financial statements for June are comprehensive financial reports that combine the financial data of a parent company and its subsidiaries as of June, providing a holistic view of the financial performance and position of the entire group.
Entities that have controlling interests in other companies, such as publicly traded corporations and large private companies with subsidiaries, are generally required to file consolidated financial statements.
To fill out consolidated financial statements for June, gather financial data from all subsidiaries, eliminate intercompany transactions, and then combine the financial statements in accordance with relevant accounting standards.
The purpose of consolidated financial statements for June is to provide stakeholders with a clearer picture of the financial health of the entire corporate group, including total revenues, expenses, assets, and liabilities.
Consolidated financial statements for June must report comprehensive details such as total revenue, net income, assets, liabilities, equity, and cash flow from all subsidiaries.
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