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Registration number: 2009/012871/06LA CONCORDE HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING AND SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS for year ended 31 March 2024CONTENTSCondensed Consolidated
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How to fill out condensed consolidated statement

01
Gather all relevant financial statements of the parent and subsidiary companies.
02
Convert the financial statements of foreign subsidiaries to the reporting currency if necessary.
03
Eliminate intercompany transactions and balances to avoid double counting.
04
Combine the financial statements line by line, starting with the consolidated balance sheet.
05
Prepare the consolidated income statement by summing revenues and expenses from all entities.
06
Ensure proper adjustments are made for non-controlling interests and equity.
07
Review the consolidated statements for accuracy and compliance with accounting standards.

Who needs condensed consolidated statement?

01
Publicly traded companies required to report to regulators.
02
Parent companies with subsidiaries for internal financial analysis.
03
Investors and stakeholders seeking a comprehensive view of a company's financial health.
04
Accounting firms for auditing and advisory purposes.
05
Financial analysts assessing the performance of corporate groups.
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A condensed consolidated statement is a financial statement that presents the financial position and results of operations of a parent company and its subsidiaries in a summarized format.
Typically, publicly traded companies and certain large private companies that have subsidiaries are required to file condensed consolidated statements.
To fill out a condensed consolidated statement, companies need to aggregate the financial data of the parent and its subsidiaries, ensure proper elimination of inter-company transactions, and present the data in a summarized format according to the relevant accounting standards.
The purpose of a condensed consolidated statement is to provide a clear overview of the financial performance and position of a corporate group, helping stakeholders make informed decisions.
A condensed consolidated statement must report total revenues, net income, total assets, total liabilities, and equity of the consolidated entity, among other financial metrics.
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