Consolidated financial statements format

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Heta (Querist)
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21 July 2014 Can anybody please share the format (blank) for preparation of consolidated financial statements as per AS21.

Heta

Heta (Querist)
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21 July 2014 Consolidated Financial Statements format (blank) as per AS21

Heta

Heta (Querist)
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22 July 2014 Consolidated Financial Statements format (blank) as per AS21

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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20 July 2024 Preparing consolidated financial statements under Accounting Standard 21 (AS 21) involves consolidating the financial statements of a parent company and its subsidiaries into a single set of financial statements. Here's a simplified format outline for preparing consolidated financial statements:

### Consolidated Balance Sheet (Format)

```
Consolidated Balance Sheet as at [Date]

Assets
---------------------------------------------------------------------
Particulars | Parent Company | Subsidiaries | Consolidated
| (Amount in | (Amount in | Amount in
| Currency Unit) | Currency Unit)| Currency Unit)
---------------------------------------------------------------------
Non-current assets
Property, plant and equipment | | |
Investment in subsidiaries | | |
Other investments | | |
Intangible assets | | |
Other non-current assets | | |
---------------------------------------------------------------------
Current assets
Inventories | | |
Trade receivables | | |
Cash and cash equivalents | | |
Other current assets | | |
---------------------------------------------------------------------
Total Assets | | |
---------------------------------------------------------------------

Equity and Liabilities
---------------------------------------------------------------------
Particulars | Parent Company | Subsidiaries | Consolidated
| (Amount in | (Amount in | Amount in
| Currency Unit) | Currency Unit)| Currency Unit)
---------------------------------------------------------------------
Equity
Share capital | | |
Reserves and surplus | | |
Minority interest | | |
---------------------------------------------------------------------
Non-current liabilities
Long-term borrowings | | |
Deferred tax liabilities | | |
Other non-current liabilities | | |
---------------------------------------------------------------------
Current liabilities
Short-term borrowings | | |
Trade payables | | |
Other current liabilities | | |
---------------------------------------------------------------------
Total Equity and Liabilities | | |
---------------------------------------------------------------------
```

### Consolidated Profit and Loss Account (Format)

```
Consolidated Profit and Loss Account for the year ended [Date]

---------------------------------------------------------------------
Particulars | Parent Company | Subsidiaries | Consolidated
| (Amount in | (Amount in | Amount in
| Currency Unit) | Currency Unit)| Currency Unit)
---------------------------------------------------------------------
Revenue from operations | | |
Other income | | |
---------------------------------------------------------------------
Total Income | | |
---------------------------------------------------------------------
Expenses
Cost of materials consumed | | |
Employee benefits expense | | |
Depreciation and amortisation | | |
Other expenses | | |
---------------------------------------------------------------------
Total Expenses | | |
---------------------------------------------------------------------
Profit before tax | | |
Tax expense | | |
Profit after tax | | |
Minority interest | | |
---------------------------------------------------------------------
Net Profit | | |
---------------------------------------------------------------------
```

### Notes to Consolidated Financial Statements

Include detailed notes providing explanations and disclosures required under AS 21, such as:
- Basis of consolidation
- Accounting policies
- Investments in subsidiaries
- Minority interests
- Other significant accounting policies and disclosures

### Important Considerations

- Ensure to adjust for intercompany transactions, balances, unrealized profits, and minority interests as per AS 21 guidelines.
- Use the same reporting currency for all entities involved in the consolidation process.
- Comply with other relevant accounting standards and legal requirements applicable to your jurisdiction.

This format serves as a basic outline. Actual preparation of consolidated financial statements may involve more detailed items and specific disclosures based on the nature of the business and regulatory requirements.