Wat is een groep?

A group is defined as an economic constellation consisting of a parent company and at least one subsidiary, in which the parent has a controlling influence in the subsidiary, most often by owning a majority of the votes. Ice.

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If you want to delve deeper into different types of group relationships, we have a whole item in which we embroider the text on what a group, an illegitimate group and an associated company are, how they differ and what are the advantages of forming a group.

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What is group accounting?

A consolidated financial statement is a special accounting statement that a parent company needs to prepare alongside the regular annual report. For this to be possible, all internal transactions within the group, between the companies, need to be removed.

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‍Who needs to prepare a consolidated financial statement?

Dit is clear from the Annual Accounts Act that the main rule is that all groups must draw up consolidated financial statements, and then it is always the board of directors of the parent company who is ultimately responsible for bringing it into existence. However, there are a few exceptions.

Small groups do not have to prepare consolidated financial statements. To be defined as a small group, you must not exceed two of the three following thresholds:

• A group has a maximum of 50 people median for the financial ends.
• Groupe's net sales have reached a maximum of 80 million in the last two financial years.
• La valeur de la groupe réseau de seine assétés compartit a maximé de 40 milioni financials en la plus d'années financials.

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You may also not have to prepare consolidated financial statements if the parent company is also a subsidiary of a parent company. As long as the parent company is included in the consolidated financial statements of the parent company and as long as the parent company is subject to the laws of a State within an EEA country.

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At, it may be worth pointing out that there is nothing preventing you from drawing up a consolidated financial statement, even if you fall under the definition of a small group of companies. Rather, we would encourage everyone to do so. Not only because it is in line with the general rule that all groups must prepare consolidated financial statements, but above all because the consolidated financial statements as such are an excellent tool for monitoring and for creating a better overview of the Group's position as a whole; to understand how well things are going overall.

When do consolidated financial statements need to be prepared?

Financial statíficos contiene una sala financiera e está normamente drawado por un anno, in conjunction with the annual accounts at the end of the financial year.

What must a consolidated financial statement contain?

As with all types of accounting, there are also some formal requirements and rules to relate to in consolidated financial statements. A properly prepared consolidated financial statement contains the certificate of determination, management report, consolidated balance sheet, consolidated income statement, cash flow statement and notes.

Certificate of Establishment

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Management report

In the management report, the parent company describes the development, position and results of the Group. Altri eventi majori che ha esistato durante il anno financiale sono, se può essere qualsii nuovo decisioni di investimenti che viene predstaviti, a factores externe che ha affectivati, come rati di interestenti, di cambio o ambiente.

Consolidated Balance Sheet

Hot. See,. For example, the companies within the group may have internal debts and receivables to each other, which need to be eliminated and recalculated. A key concept for drawing up a consolidated balance sheet is the acquisition analysis prepared by the subsidiaries as of the acquisition date.

Consolidated Statements of Income

Also in the consolidated income statement, some items need to be eliminated. Consider them,.

Cash Flow Statement

A cash flow statement aims to show money in and money out of the business. Posta je to map the flow of the group's cash and cash in order to more easily understand where they have come from and where they have gone. You simply want to be able to follow the journey of money in, through and out of the business. Hence the name cash flow analysis.

To achieve this in the best way, the cash flow analysis is divided into three parts: Ongoing operations, investment activities and financing activities. In fact, operating activities list things related to the operating activities themselves, i.e. things such as sales, changes in inventories, short-term liabilities and receivables. In the investment business, simply lists different types of investments, such as new acquisitions or sales of fixed assets. Financing activities include, for example, new issues, dividends and amortisation payments.

! Notes

A consolidated financial statement also always includes notes, listing subsidiaries and associated companies.

Consolidated Statements and Consolidations

It may be worth repeating once again and pointing out that the entire foundation of a properly prepared consolidated financial statement is based on what is known as consolidation. Thus, a merger of financial data from several economic entities into one report. As we have also mentioned, in order for this to be possible, all items and transactions that have occurred between the different companies of the group need to be laminated. This means that the consolidated financial statements, in essence, consist of financial data from all the different parts of the group. Che, ali is a and a.

What we're getting at is that the underlying numbers, as always in economics, are very important for everything to be right. Perché, as we discussed, the acquisition analysis, which aims to revalue the assets and liabilities of the subsidiaries as of the acquisition date at fair values, becomes a key to a properly prepared consolidated financial statements.

Help with the consolidated financial statements?

Consolidated financial statements can be both cumbersome and time-consuming. We at Saldo are experts in all types of accounting and bookkeeping and love to help our clients with all kinds of financial matters. We are happy to help you with your consolidated financial statements, so that you have more time for value-creating activities.

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