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Summary financial statements of Quebec Port Authority December 31, 2023Deloitte LLP 801 Grande Alle West Suite 350 Qubec QC G1S 4Z4 Canada Tel: 4186243333 Fax: 4186240414 www.deloitte.caIndependent
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Consolidated financial statements are financial reports that represent the aggregate financial position and performance of a parent company and its subsidiaries, treating them as a single entity.
Companies that have one or more subsidiaries are generally required to file consolidated financial statements. This typically includes public companies and private companies that meet certain size thresholds.
To fill out consolidated financial statements, combine the financial statements of the parent company and its subsidiaries by summing up their assets, liabilities, revenues, and expenses while eliminating intercompany transactions and balances.
The purpose of consolidated financial statements is to provide a comprehensive overview of the financial health of a corporate group, enabling stakeholders to assess the overall financial performance and position of the group.
Consolidated financial statements must report the consolidated balance sheet, income statement, cash flow statement, and notes that provide additional context and detail about the financial information presented.
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