What Is a Consolidated Balance Sheet?

A consolidated balance sheet is a consolidated balance sheet prepared by two or more independent companies that have a close relationship in equity as a whole. Often used by holding companies to reflect the combined financial status of the holding company and its subsidiaries. Each enterprise that compiles the balance sheet should use unified accounting subjects and statement items. At the time of preparation, all transactions and mutual loans and investment projects belonging to the various companies should be offset. Other items can be simply added. Part of the shares of the subsidiary held by the holding company offset the shareholders' equity of the subsidiary in proportion, and the remaining part was included in the "minority equity" account. ^[1]

Consolidated balance sheet

Right!

A consolidated balance sheet is a consolidated balance sheet prepared by two or more independent companies that have a close relationship in equity as a whole. Often used by holding companies to reflect the combined financial status of the holding company and its subsidiaries. Each enterprise that compiles the balance sheet should use unified accounting subjects and statement items. At the time of preparation, all transactions and mutual loans and investment projects belonging to the various companies should be offset. Other items can be simply added. Part of the shares of the subsidiary held by the holding company offset the shareholders' equity of the subsidiary in proportion, and the remaining part was included in the "minority equity" account. ^[1]

Prepared by the parent company of the enterprise group at the end of the fiscal year, mainly serving the shareholders and creditors of the parent company. Compilation and consolidation

The Chinese Ministry of Finance

according to

The items that need to be offset when preparing the consolidated balance sheet are: (1) the parent company's equity investment project of the subsidiary and the subsidiary owner's equity project; (2) the parent company, the subsidiary, and the subsidiary internal

The parent company increased its subsidiaries in the merger during the reporting period

If the parent company adds subsidiaries during the reporting period, it shall distinguish between when preparing the consolidated balance sheet in the current period of consolidation

Major Items in the Consolidated Balance Sheet

The consolidated balance sheet format mainly adds three items on the basis of individual balance sheets. The first is the addition of a "goodwill" item under the "development expenditure" item to reflect the goodwill obtained in a business combination, that is, The debit balance after offsetting the parent company's long-term equity investment in the subsidiary and its share in the owner's equity of the subsidiary under the controlling merger. The second is the addition of a "minority shareholders' equity" item under the owner's equity item to reflect the share of non-wholly owned subsidiaries' owners' equity that does not belong to the parent company. Third, after the "Undistributed Profit" item and before the "Total Owner's Equity Attributable to the Parent Company" item, the "Foreign Currency Statement Conversion Difference" item was added to reflect the balance sheet of overseas operations converted to the parent company's bookkeeping The translation difference that occurred when the balance sheet was expressed in the functional currency. Fourth, after the "undistributed profits" item and before the "minority shareholders' equity" item, the "foreign currency statement translation difference" item was added to reflect the balance sheet of overseas operations that occurred when the balance sheet was converted into a balance sheet expressed in RMB. The portion of the translation difference attributable to the owner's equity of the parent company.

Consolidated balance sheet detailed format

Preparation unit: ___year___month___day unit: yuan

Asset balance at the beginning of the year Balance liability and owner's equity (or shareholders' equity) Balance at the beginning of the year

Current assets: current liabilities:

Short-term borrowing of monetary funds

Settlement reserves borrowed from the central bank

Disbursed funds to absorb deposits and interbank deposits

Funds from trading financial assets

Notes receivables trading financial liabilities

Accounts receivable

Accounts payable in advance

Advance receivables

Receivable reinsurance account resale financial assets

Fees and commissions payable for receivable contract reserve

Interest receivable payable to employee compensation

Tax payable on other receivables

Interest payable on resale financial assets

Other payables

Reinsurance payable for non-current assets due within one year

Reserves for other current asset insurance contracts

Total current assets

Non-current assets agency underwriting securities

Loans and advances for non-current liabilities due within one year

Available-for-sale financial assets Other current liabilities

Total held-to-maturity investment current liabilities

Non-current liabilities for long-term receivables

Long-term equity investment

Investment real estate bonds payable

Long-term payables of fixed assets

Special payables for construction in progress

Project Materials Liabilities

Deferred income tax liabilities for liquidation of fixed assets

Productive biological assets Other non-current liabilities

Total non-current liabilities of oil and gas assets

Total intangible assets and liabilities

Development Expenses Owner's Equity

Goodwill paid-in capital (or equity)

Long-term deferred expenses capital reserve

Deferred income tax assets less: treasury shares

Surplus reserve of other non-current assets

Total non-current assets general risk reserves

undistributed profit

Translation differences in foreign currency statements

Total owner's equity attributable to parent company

Minority interest

Total owner's equity

Total Assets Liabilities and Total Equity