Consolidated Annual Accounts and

PDF	Preparation and filing of consolidated accounts and The obligation to draw up and file consolidated annual accounts and a consolidated annual report is governed by Articles

PDF	CONSOLIDATED ANNUAL ACCOUNTS We have audited the consolidated annual accounts of Técnicas Reunidas S A (the Parent Company) and its subsidiaries (the Group) consisting of the balance

What is consolidated and non consolidated accounts?
A balance sheet provides information on a company's assets, liabilities, and equity.
A consolidated balance sheet includes the financial information of all the entities under the control of a parent company, while a standalone balance sheet only includes the financial information of a single entity.
What are the 3 balance sheet accounts?
These lists are:
Fixed assets.Individual prepaid expenses that total the amount of prepaids.Accounts receivable and accounts payable that tie out to the balance sheet.
What is consolidated vs combined accounting?
In consolidated financial statements, one entity has a controlling financial interest in the other entities consolidated.
Based on the definition, in combined financial statements, controlling financial interest cannot be present between the entities.
Summing up.
A standalone statement represents a company's financial performance as a single entity, while a consolidated statement reports a company's financial performance on the whole.
It includes information about its associate companies, subsidiary companies, and joint ventures.

The purpose of the consolidated annual accounts is to provide an overview of the economic activity, equity and results of the entire company, each having its own legal entity but depending on the same decision-making centre (the parent company).

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