Terms used in official statistics

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Consolidated financial statement


Definition:

Consolidated financial statement is a financial statement of enterprise group which includes data of the parent unit and its subsidiaries at all levels, irrespective of the country in which their offices are located, compiled in such a way as if the group constituted one unit.



Consolidated financial statements include the following: 1) a consolidated balance sheet; 2) a consolidated profit and loss account; 3) a consolidated cash flow statement; 4) a statement of changes in consolidated equity; 5) notes to the consolidated financial statements, including an introduction to the consolidated financial statements as well as additional notes and explanations.


Source:
  • Act of 29 September 1994 on Accounting
    Place of publication: (Dz. U. z 2021 r. poz. 217, z późn. zm.)

Low-level terms:

Contact person on methodology:
Anna Piotrowska
e-mail:
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