Konsoliderede

Konsoliderede refers to financial statements or information that presents a group of entities as if it were a single economic unit. In accounting, konsoliderede regnskaber combine the financial statements of a parent company and its subsidiaries to give a comprehensive view of the entire koncern’s financial position, performance and cash flows.

The consolidation process involves several steps. First, entities controlled by the parent (subsidiaries) are identified, and their accounting policies are aligned with the group’s policies. Intercompany transactions and balances, such as sales, receivables, liabilities and profits from internal transfers, are eliminated to avoid double counting. If the group includes foreign subsidiaries, their results and balance sheets are translated into the presentation currency. Non-controlling interests (minoritetsinteresser) are recognized in equity for the portion of subsidiaries not owned by the parent. Goodwill arising from acquisitions is recorded, and the consolidated statements typically include a consolidated balance sheet, income statement, cash flow statement, and accompanying notes.

There are different consolidation methods. Full consolidation (fuld konsolidering) is used for subsidiaries the parent controls, combining their assets, liabilities, income and expenses line by line. Proportional consolidation (proportional konsolidering) can be used for jointly controlled entities. For associates and joint ventures, the equity method is commonly applied rather than full consolidation. IFRS and national standards dictate when each method is appropriate.

Konsoliderede regnskaber are typically required for groups under national corporate reporting rules, such as the Danish Årsregnskabsloven, and for listed groups under IFRS. They provide stakeholders with a holistic view of the group’s financial health and risks, beyond the results of the parent company alone.