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The OPERA Securities GroupInterim condensed consolidated financial statements for the three months ended March 31st 2022Warsaw, May 18th 20221Condensed consolidated financial statements of the OPERA
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01
Gather all necessary financial data for the reporting period.
02
Prepare the financial statements according to the reporting standards.
03
Consolidate the financial information of the parent company and its subsidiaries.
04
Review and analyze the consolidated financial statements for accuracy and completeness.
05
Present the condensed consolidated financial information in the required format.

Who needs report and condensed consolidated?

01
Investors who want to assess the overall financial health and performance of a group of companies.
02
Regulatory authorities that require consolidated financial information for compliance purposes.
03
Management of the parent company who need to make informed business decisions based on a comprehensive view of the group's financial position.
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A report and condensed consolidated refers to a financial statement that presents the financial position and performance of a group of companies as a single entity while consolidating the financial information into a simplified format.
Entities that control one or more subsidiaries are required to file a report and condensed consolidated, typically including publicly traded companies and holding companies.
To fill out the report and condensed consolidated, one must gather financial data from all subsidiaries, eliminate intercompany transactions, and prepare consolidated statements such as the balance sheet, income statement, and cash flow statement in a simplified format.
The purpose of report and condensed consolidated is to provide stakeholders with a clear and comprehensive overview of the financial status of a group of companies, enabling better decision-making and assessment of performance.
Information that must be reported includes total assets, total liabilities, equity of the parent company, revenue, expenses, consolidated net income, and notes on significant accounting policies.
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