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SARAWAK CONSOLIDATED INDUSTRIES BERHAD (25583W) INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2019 Unaudited Condensed Consolidated Statement of Comprehensive IncomeNote Continuing Operations Revenue Cost of sales Gross profit Other income Administrative expenses Selling and marketing expenses Operating profit Finance costs Profit before tax Income tax expense Profit for the period attributable to equity holders of the Company43 months ended 31 March 20183

How to fill out unaudited condensed consolidated statement

How to fill out unaudited condensed consolidated statement

1. Gather financial data from all subsidiaries and the parent company.
2. Prepare individual financial statements for each entity included in the consolidation.
3. Eliminate any intercompany transactions and balances to avoid double-counting.
4. Combine the individual line items (assets, liabilities, equity, revenue, and expenses) into a single set of financial statements.
5. Prepare a condensed version by summarizing the financial data, focusing on key figures.
6. Include notes that detail the accounting policies and any significant changes from the previous period.
7. Review the statements for accuracy and compliance with applicable accounting standards.
8. Present the final unaudited condensed consolidated statement to stakeholders.

Who needs unaudited condensed consolidated statement?

1. Investors looking for a quick overview of the company's financial position.
2. Creditors assessing the financial health of the company for lending purposes.
3. Regulatory agencies requiring updated financial reports.
4. Management seeking insights for decision-making and strategic planning.
5. Potential acquirers evaluating the company for possible acquisition.

Comprehensive Guide to the Unaudited Condensed Consolidated Statement Form

Understanding unaudited condensed consolidated financial statements

An unaudited condensed consolidated statement is a financial document that summarizes the assets, liabilities, and equity of a group of companies controlled by a parent company, without undergoing a formal audit. These statements are crucial for internal decision-making and providing stakeholders with a quick snapshot of financial health.

The importance of these statements lies in their ability to relay vital financial information without the lengthy process of auditing. They provide essential insights for management, investors, and other stakeholders who need timely information to assess the financial condition of a business.

One of the key differences between audited and unaudited statements is the level of scrutiny involved. Audited statements have been reviewed by an external auditor, adding a layer of credibility. Conversely, unaudited statements may miss some details but allow for quicker reporting and easier adjustments.

Key components of the unaudited condensed consolidated statement

The primary sections of an unaudited condensed consolidated statement include assets, liabilities, and equity. Each of these components provides critical information about the financial position of the entities involved.

Assets represent everything the company owns, including cash, accounts receivable, inventory, and property. Liabilities encompass debts and obligations, such as loans and accounts payable, representing what the company owes. Equity is the residual interest that remains after liabilities are deducted from assets, reflecting the ownership stake of shareholders.

• Assets: Current and non-current assets detailing financial resources.
• Liabilities: Short-term and long-term obligations impacting cash flow.
• Equity: Share capital and retained earnings illustrating ownership value.

Additionally, the income statement and cash flow statement provide insights into company performance over time, with highlights including revenue recognition policies and an overview of expenses that ensure transparency for stakeholders.

When and why to use the unaudited condensed consolidated statement

Unaudited condensed consolidated statements are often utilized during interim financial reporting periods or when a company seeks to provide timely financial insights to its stakeholders without the delays associated with audits. They are crucial in scenarios where swift decision-making is essential.

The benefits of using these statements for individuals and teams are substantial. They allow for quick financial assessments, leading to faster strategic decisions, and help identify trends in business operations without the exhaustive detail that audited statements require.

• Timeliness: Provides relevant updates rapidly without audit delays.
• Flexibility: Offers clearer exploration of business operations over short periods.
• Cost-effectiveness: Reduces the expenses associated with comprehensive audits.

Step-by-step guide to filling out the unaudited condensed consolidated statement form

Filling out the unaudited condensed consolidated statement form requires careful preparation. Begin by gathering all necessary documents and financial data related to assets, liabilities, and equity from all companies in the group.

Next, proceed to fill out each section methodically. For the assets section, calculate both current and non-current assets, ensuring that all entries are accurate. Move to the liabilities section, where you will detail all company debts, including current and long-term obligations. Finally, report on equity, clearly indicating ownership stakes and retained earnings.

• Assets: Include cash, receivables, inventory, and fixed assets.
• Liabilities: Report loans, payables, and other commitments.
• Equity: Document share capital, reserves, and retained earnings.

Utilizing interactive tools, like those offered in pdfFiller, can streamline the process. Be mindful of common pitfalls such as incorrect categorization of assets or overlooking liabilities which significantly impacts financial accuracy.

Editing and reviewing your unaudited condensed consolidated statements

Editing and reviewing the unaudited condensed consolidated statements is a vital step after completing the initial entry. With pdfFiller's suite of editing tools, users can easily add annotations, comments, and make corrections to ensure that all data is accurate and reflective of the company's financial position.

Incorporating collaboration features enables team members to review and provide feedback effectively. It's essential to establish clear communication channels and implement best practices for document sharing to facilitate a smooth editing process and ensure that all relevant parties are aligned on any necessary revisions.

eSigning and sharing your documents securely

The process of eSigning has transformed the way individuals and teams complete financial documentation. eSigning enhances efficiency and adds a layer of security to the unaudited condensed consolidated statement, ensuring that documents are validated and trusted.

To securely eSign the document, follow the intuitive steps in pdfFiller to verify the identity of the signers, apply signatures, and save the final version. Sharing finalized documents is also straightforward; simply utilize pdfFiller's sharing features to distribute your statements within the platform securely.

Managing your financial documents with pdfFiller

Effective management of financial documents is crucial for any organization. pdfFiller offers a robust document organization system, allowing users to categorize and store their unaudited condensed consolidated statements systematically.

Employing additional features like setting reminders and deadlines for financial reporting helps ensure that no important deadlines are missed. Tracking changes and versions of your document can also provide insights into the evolution of your finances over time.

Case studies: Practical applications of unaudited condensed consolidated statements

In understanding the practical applications of unaudited condensed consolidated statements, let’s examine a few real-world scenarios. One well-known technology firm relied on these statements during an acquisition process to assure investors of its financial stability without the lengthy timeline of an audit.

Lessons from this company underscore the importance of having an accurate and timely financial summary ready, allowing for informed decision-making by shareholders and management alike.

Other related publications and templates

For further reading on financial statements and their nuances, pdfFiller offers a variety of resources. Users can explore additional financial statement templates, including balance sheets and financial performance reports, to enhance their understanding of effective financial documentation.

FAQs about unaudited condensed consolidated statements

Several commonly posed questions revolve around unaudited condensed consolidated statements. One prevalent inquiry is about their reliability in reflecting accurate financial conditions, leading to answers that affirm their usefulness for internal assessments while emphasizing the lack of external validation.

Additionally, clarifying terminology and industry standards surrounding these statements can aid in demystifying concepts for non-financial personnel seeking to engage with financial documents effectively.

Connecting with financial experts on pdfFiller

To enhance the financial acumen of users, pdfFiller provides access to a range of resources for professional assistance. Options for live support, tutorials, and even financial consultation sessions equip individuals and teams with insights needed to navigate financial documentation efficiently.

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What is unaudited condensed consolidated statement?

An unaudited condensed consolidated statement is a financial report that summarizes the financial position and performance of a company and its subsidiaries without undergoing an audit. It presents a simplified version of the financial statements, typically including the balance sheet, income statement, and cash flow statement.

Who is required to file unaudited condensed consolidated statement?

Companies that are publicly traded or those that meet certain regulatory conditions are typically required to file unaudited condensed consolidated statements with regulatory bodies, such as the SEC in the United States, especially for quarterly reports.

How to fill out unaudited condensed consolidated statement?

To fill out an unaudited condensed consolidated statement, companies should compile relevant financial data from their accounting records, prepare condensed versions of the balance sheet, income statement, and cash flow statement, ensuring compliance with applicable accounting standards like GAAP or IFRS.

What is the purpose of unaudited condensed consolidated statement?

The purpose of an unaudited condensed consolidated statement is to provide stakeholders, including investors and regulators, with timely and relevant financial information about a company's financial status and performance on a periodic basis, without the delay of a full audit.

What information must be reported on unaudited condensed consolidated statement?

An unaudited condensed consolidated statement must report essential financial information including total assets, total liabilities, total equity, revenues, expenses, net income or loss, and cash flows from operating, investing, and financing activities.