Konsernitasoiset

Konsernitasoiset is the Finnish term used to describe financial information and reporting at the level of a corporate group, i.e., consolidated data covering the parent company and its controlled subsidiaries. It contrasts with the standalone figures of the parent or the individual subsidiaries.

In accounting practice, when a parent company controls other entities, it prepares a konsernitilinpäätös (consolidated financial statements) for the entire konserni. Control is typically defined as the power to govern financial and operating policies to obtain benefits from the activities of the subsidiary.

The purpose is to give a faithful view of the group's combined financial position, results and cash flows, to eliminate intra-group transactions and balances, to harmonize accounting policies within the group, and to disclose non-controlling interests.

The preparation involves combining the financial statements of controlled entities, applying uniform accounting policies, eliminating intra-group profits and balances, and translating foreign subsidiaries if necessary. Minority interest is presented within equity and in the income statement.

Methods used include full consolidation for majority-owned subsidiaries; in some cases associates and joint ventures are accounted for by the equity method or other methods allowed under the applicable standards.

Legal context: in Finland, the preparation of konsernitasoiset statements is governed by the Finnish Accounting Act and related regulations; publicly listed groups may apply IFRS. The exact requirements depend on legal form, ownership structure and reporting framework.

Limitations: konsernitasoiset figures summarize group performance but do not replace statutory reports for individual companies or tax filings; they can differ from local GAAP and may be subject to adjustments on consolidation.