Consolidated
AccountingAccounts combining the parent with its subsidiaries line by line.
The economic entity you own a share of. Use this for almost every purpose.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 21 terms
Accounts combining the parent with its subsidiaries line by line.
The economic entity you own a share of. Use this for almost every purpose.
A single statement covering mutual fund and demat holdings across providers.
The most useful document most Indian investors have never opened. It finds the folios you forgot.
Financial statements combining the parent company and all its subsidiaries.
Always use these. Standalone accounts hide the debt and losses sitting in subsidiaries.
A single combined feed of every trade in a security across all venues — a feature of United States market structure with no Indian equivalent.
India has no combined national print. Each exchange broadcasts its own trades, so the volume figure you read belongs to one venue rather than to the market.
The removal of a subsidiary from consolidated accounts, line by line, when control over it is lost — with any retained interest recognised at fair value and the resulting difference taken to profit or loss.
Revenue leaves and so do the borrowings, which reads as deleveraging with no repayment. It also happens when a subsidiary enters insolvency and a resolution professional displaces its board.
The subtotal of consolidated equity belonging to the parent’s shareholders, before non-controlling interests are added to arrive at total equity.
The right denominator for book value per share, and for a return on equity whose numerator is profit attributable to owners. Mixing the two levels gives the flattering answer wherever the non-controlling share of profit is positive, and the pessimistic one where the partly owned subsidiary is losing money.
The government’s consolidated statement of tax deposited against your PAN, including TDS, advance tax and self-assessment tax.
Credit for tax deducted exists only once the deductor has both deposited it and filed a return quoting your PAN correctly. Check this rather than the deductor’s word before filing.
Revenue and profit added by acquiring another business, consolidated from the acquisition date onwards.
Growth that was bought rather than grown, at a price the revenue line never mentions. A mid-year acquisition flatters two consecutive years, and then stops.
A subsidiary whose income or net worth exceeds a defined share of the listed group’s consolidated figures, attracting extra governance obligations under the listing regulations.
A subsidiary large enough that it cannot be governed entirely out of sight. The threshold has been tightened over the years, so read the current definition rather than a remembered one.
The share of a subsidiary’s profit and of its net assets belonging to shareholders other than the parent — presented as a separate line in consolidated profit and separately inside consolidated equity.
The Ind AS name for what older accounts called minority interest, and it has two halves. Ignore the profit half and earnings per share is overstated; ignore the equity half and book value per share is.
Growth produced by the business the company already owned, excluding revenue consolidated from acquisitions made during the period.
The like-for-like number. A company reporting 18% having bought a third of the increase did not grow 18%.
The part of consolidated profit for the period belonging to the parent company’s shareholders, after the share attributable to non-controlling interests has been separated out.
The numerator of earnings per share, by definition. Consolidated profit before the split contains money belonging to the shareholders of a subsidiary, and dividing that by the parent’s share count is how a 33-times stock gets quoted at 21.
A company controlled by another, consolidated into its accounts.
The statement of subsidiaries names exactly which one is losing money.
National Securities Depository Limited — India's other depository, and the older of the two.
Same role as CDSL. Which one holds your account depends on your broker, and both issue a consolidated statement.
The office under the Ministry of Corporate Affairs with which every Indian company, listed or not, files its incorporation details, annual accounts, annual return and charges.
Where an unlisted subsidiary’s own accounts live. The consolidated statement gives you one line; the registrar gives you that entity’s full balance sheet.
Disclosure of revenue, result and assets for each reportable business division.
Consolidated numbers average a great business with a poor one. This note separates them.
The power to participate in the financial and operating policy decisions of another company without controlling it — presumed where twenty per cent or more of the voting rights are held, and rebuttable on the facts in either direction.
The middle of the three treatments. Below it a stake is carried at a value; above it, at control, the whole investee is consolidated. Here you get one line of profit and nothing else.
A company or trust formed to hold a single project, asset or transaction, usually so that its borrowings and its risks are ring-fenced from the rest of the group.
Consolidated accounts add its cash and its debt to everybody else’s. Whether either can actually move depends on the documents behind it rather than on the group’s totals.
Losses, debt or transactions parked in subsidiaries — often overseas ones — where they are harder to examine.
It shows as a large and growing gap between standalone and consolidated profit. A parent that looks healthy alone and weak consolidated is telling you where to look.
The impact of exchange rates when converting a foreign subsidiary’s accounts.
It changes reported consolidated numbers without anything operational happening.
Moving cash from a subsidiary up to its parent — by dividend, by repayment of an intra-group loan, or by a charge for interest, royalty or services.
Consolidated cash flow says what the group earned. Upstreaming is what it takes to get any of it to the entity whose shares are listed, and each route carries a different cost and a different set of permissions.