Konsolideeritud

Konsolideeritud is a term used in Estonian accounting and finance to describe financial statements that present the combined financial position and performance of a group of companies as if it were a single economic entity. It applies when a parent company has control over one or more subsidiary companies, typically through ownership of the majority of voting rights or other arrangements that give control.

Konsolideerimine involves aggregating the assets, liabilities, income and expenses of the parent and its subsidiaries. During the process, intra-group transactions and balances are eliminated to avoid double counting, and accounting policies across group entities are aligned. In addition, foreign subsidiaries are translated into the group’s reporting currency, and any non-controlling interests (the share of subsidiaries not owned by the parent) are identified and presented separately within the consolidated statements.

The main consolidated financial statements include the konsolideeritud bilanss (consolidated balance sheet), the konsolideeritud kasumiaruanne (consolidated income statement), and often the konsolideeritud rahavoo aruanne (consolidated cash flow statement). These documents provide a single view of the group’s financial position, performance and cash flows, distinguishing between the parent’s shareholders and non-controlling interests.

Regulatory and practical context: konsolideeritud aruanded are commonly prepared under international standards such as IFRS or applicable national accounting rules for groups. They differ from standalone or konsolideerimata statements, which reflect the financials of the parent company alone. The concept of konsolideerimine enhances transparency and comparability for investors, creditors and regulators.