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UZMA BERHAD (Company No: 200701011861 (769866V))Quarterly Report on Consolidated Financial Results For the Second Quarter Ended 31 December 2020UZMA BERHAD (Company No : 200701011861 (769866V)) CONDENSED

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How to fill out consolidated financial results for

01

Gather financial statements from all subsidiaries

02

Eliminate intercompany transactions to avoid double counting

03

Adjust for differences in accounting policies and reporting periods

04

Combine the financial statements of all subsidiaries into a single set of consolidated financial results

05

Prepare the necessary disclosures and footnotes to explain the consolidated financial results

Who needs consolidated financial results for?

01

Investors and shareholders who want a complete picture of the financial health of a group of companies

02

Regulators and tax authorities who require a consolidated view of a group's financial position

03

Banks and creditors assessing the creditworthiness of a group of companies

04

Management and executives making strategic decisions based on the overall financial performance of the group

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What is consolidated financial results for?

Consolidated financial results are used to present a single financial view of a parent company and its subsidiaries, providing a comprehensive overview of the financial position and performance of the entire corporate group.

Who is required to file consolidated financial results for?

Companies that have subsidiaries or control over other entities are required to file consolidated financial results, typically large corporations and public companies governed by financial reporting standards.

How to fill out consolidated financial results for?

To fill out consolidated financial results, organizations must aggregate the financial statements of their subsidiaries, eliminate inter-company transactions, and ensure alignment with applicable accounting standards before presenting the consolidated statement.

What is the purpose of consolidated financial results for?

The purpose of consolidated financial results is to provide stakeholders with an accurate depiction of the total financial health and performance of a corporate group, supporting informed decision-making and assessments.

What information must be reported on consolidated financial results for?

Consolidated financial results must report consolidated income statements, balance sheets, cash flow statements, notes on key accounting policies, and disclosures regarding related party transactions and subsidiaries.

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