konsernitilinpäätöksensä

A konsernitilinpäätös, or consolidated financial statement, is a set of financial reports that presents the financial position and performance of a parent company and all its subsidiaries as if they were a single economic entity. This consolidation is crucial for understanding the overall financial health and operational results of a group of companies. The preparation of a konsernitilinpäätös is a requirement for most parent companies under accounting standards such as International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP) in various jurisdictions.

The process involves combining the individual financial statements of the parent company and its controlled subsidiaries. This includes eliminating intercompany transactions and balances, such as loans between parent and subsidiary or sales of goods within the group. These eliminations ensure that the consolidated statement accurately reflects transactions with external parties and avoids double-counting of assets, liabilities, revenues, and expenses. When a parent company owns more than 50% of the voting power of another company, it is generally considered to have control and must consolidate that subsidiary.

A typical konsernitilinpäätös includes a consolidated balance sheet, income statement, statement of cash flows, and statement of changes in equity. The balance sheet shows the combined assets, liabilities, and equity of the group. The income statement details the consolidated revenues, expenses, and profits or losses. The cash flow statement tracks the movement of cash within the group, and the statement of changes in equity illustrates movements in the group's equity. Disclosure of significant accounting policies and notes to the financial statements are also integral parts of the konsernitilinpäätös.