Need help with consolidating financial statements pros and cons of christian dating
hi, I need some urgent help to consolidate subsidiaries financial statements to parent financial statements. Income statement: Simple addition of the Parent and Sub for each line items.Income Statement Revenue Minus: Operating Costs ( excl.DD&A) Minus: SG&A Minus: Other Expenses EBITDA Minus: DD&A Minus: Interest Minus: Tax Net Income Minus: Minority Interests Net Earnings to Common Shareholders 2.Cash Flow: simple addition of the parent and sub in operating cash flow calculation, then expect to consolidate the investment cash flow and financing cash flow; Cash Flow Net Earnings Add: non-cash expenses such as DD&A, etc.Changes in Working Capital (A) OPERATING CASH FLOW CAPEX Asset Sales Other Investing Activities (B) INVESTING CASH FLOW Net Equity Fianncing Net Debt Financing Capital Contribution by Minority Interest Common/Preferred Dividends Dividends paid to Minority Interest Other Financing Activitids (C) FINANCING CASH FLOW Net Change in Cash = A + B + C Add: Beginning Cash Balance Ending Cash Balance 3.Balance Sheet: Simple addition of the parent and sub of all line items expect the common shareholder’s equity account Balance Sheet Cash and ST Investment Other ST Investment Total Current Assets PP&E (A) TOTAL ASSETS Short-term Borrowing Total Current Liabilities Long-term Debt (B) TOTAL LIABILITIES (C) MINORITY INTEREST (D) COMMON SHAREHOLDER’S EQUITY Total Liabilities & Equity = B + C + D Check: A = B + C + D 4.Shareholder’s equity: Calculates the retained earnings by adding the combined net income and distracting re-calculated dividend to common shareholders Shareholder’s Equity (A) Share Capital Beginning Retained Earnings Add: Net Earnings to Common Minus: Dividend Paid to Common (B) Ending Retained Earnings Common Shareholder’s Equity = A + B Adjustment needed: 5.
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