Consolidated Financial Statements
Consolidated Financial Statements
If your business operates through multiple legal entities, branches, or subsidiaries, preparing consolidated financial statements is far more than a regulatory requirement — it is a cornerstone for understanding the true financial position of your group as a whole. Also, These statements help unify diverse operations into a single, accurate financial picture, eliminating intra-group transactions and duplications that can distort performance metrics.
At Almalia Consulting FZCO, we take care of the entire process of preparing accurate, audit-compliant Consolidated Financial statements reports. Thus, our team meticulously compiles and aligns financial data across your different entities to deliver a single, comprehensive statement that reflects clarity, integrity, and strategic value, helping you make well-informed decisions and build stakeholder confidence.
What Documents Are Required to Prepare Consolidated Financial Statements?
Trade Licenses and MOA/AOA (Memorandum and Articles of Association) for all entities within the group. These legal documents confirm the establishment, jurisdiction, and authorized business activities of each entity and help determine the nature of their relationships.
Detailed Group Structure Chart illustrating the hierarchy of companies, including parent and subsidiary entities, ownership percentages, voting rights, and any cross-holdings. In addition, This chart is crucial for determining consolidation scope and control relationships.
Standalone Financial Statements for each company in the group. This includes audited or management-prepared balance sheets, income statements, cash flow statements, and equity statements, which form the core of the consolidation process.
Comprehensive Intercompany Transaction Schedules, showing all intra-group dealings such as sales, services, loans, management fees, and interest charges. Thus, Alongside these, we require a list of intercompany balances, including receivables, payables, and any unrealized profits to be eliminated.
Bank Statements and Reconciliations for each entity across all banking platforms. These are essential for verifying cash positions and ensuring all financial data is up to date and accurate.
Fixed Asset Registers and Depreciation Schedules for every company, outlining asset acquisition dates, values, depreciation methods, and net book values. Although these are critical for tracking consolidated capital expenditure and asset valuation.
Payroll and Human Resource Records, including staff lists, salary breakdowns, and cross-entity employment details. Where employees are shared between entities, this ensures proper cost allocation and disclosure.
Loan Agreements for both third-party and intercompany financing. These documents help us analyze debt positions, interest obligations, and ensure proper elimination of intra-group borrowings in consolidated reports.
Inventory Records, including valuation methods, stock movement reports, and physical verification summaries. These are vital for businesses involved in trading, manufacturing, or logistics.
Previous Consolidated Financial Statements, if available, provide a useful baseline for consistency and comparison. Furthermore, They help identify changes in structure, accounting policies, or material transactions over time.
Management Reports, Internal Notes, and Auditor Comments that provide insight into accounting treatments, pending adjustments, or areas requiring special attention.
How Almalia Consulting FZCO Can Help You in Consolidated Financial Statements
Group Structure & Records Review – We analyze your group’s legal structure, ownership percentages, and intercompany relationships. This helps us define the consolidation scope and ensure accurate reporting from the start.
Adjustments & Eliminations – We identify intercompany sales, expenses, loans, and balances. These are eliminated to avoid double-counting and present a true, clean view of your group’s financials.
Preparation of Consolidated Reports – We compile consolidated balance sheets, profit & loss statements, cash flow statements, and supporting notes. All reports reflect your group’s unified financial position.
Compliance with UAE & International Standards –We ensure your consolidated statements meet UAE regulations and IFRS or other applicable standards. Reports are audit-ready and suitable for banks, investors, or authorities.
Clear Analysis & Guidance – We provide insights into your group’s financial health with easy-to-understand analysis. This supports better planning, decision-making, and long-term strategy.
Why Choose Almalia Consulting for Consolidated Financial Statements?
Experienced with Complex Group Structures – At Almalia Consulting FZCO, we understand the intricacies of consolidating financials for holding companies, subsidiaries, joint ventures, and cross-border group entities. Also, whether your group spans multiple jurisdictions or industries, we have the technical expertise to manage even the most complex structures with confidence and precision.
Accurate & Audit-Ready Reports – Our approach ensures every consolidated financial statement is fully reconciled, clearly presented, and ready for external audit or financial review. We eliminate errors, resolve inconsistencies, and prepare reports that meet the scrutiny of auditors, lenders, investors, and regulatory authorities without delays or complications.
IFRS-Compliant Reporting – We align your consolidated financials with International Financial Reporting Standards (IFRS), ensuring your reports meet global benchmarks. This is crucial if you’re seeking funding, exploring IPOs, or managing operations across borders, as it boosts credibility, comparability, and stakeholder confidence.
Strategic Financial Insights – We go beyond just preparing the numbers. Our team analyzes your consolidated data to help you understand group-level performance, identify financial risks, and uncover opportunities for cost savings, improved cash flow, and operational efficiency. We turn your financial reports into decision-making tools.
Ongoing Financial Partnership – Our support doesn’t stop with one set of reports. We partner with you for long-term financial planning, offering assistance with annual consolidations, group budgets, financial forecasts, and compliance updates. We grow with your business — delivering dependable financial clarity year after year.
Frequently Asked Question
Why do I need consolidated financial statements?
Consolidated financial statements present the financial position and performance of your entire business group as if it were a single entity. This unified view is crucial for accurate financial analysis, decision-making, and reporting. Banks, investors, and regulators rely on these statements to evaluate the overall strength, stability, and profitability of your group — not just individual entities.
Can you consolidate across different countries or currencies?
Yes. We regularly manage consolidations for groups with entities operating in different countries and using various functional currencies. Our team handles all currency translations, aligns accounting standards, and ensures that the final consolidated reports comply with IFRS or any other applicable frameworks — no matter where your subsidiaries are located.
Will this help with getting loans or investors?
Absolutely. Consolidated financial statements are often a mandatory requirement when applying for corporate financing, investor funding, or credit facilities. Also, They give a complete and transparent picture of the group’s financial performance and risk profile, making it easier to secure the trust of lenders, investors, and financial institutions.
Can you work with our auditors?
Yes. We are fully equipped to collaborate with your external auditors or internal audit teams. We prepare all necessary consolidation work papers, reconciliations, and supporting schedules in line with audit expectations. Thus, Our team can also respond to audit queries and provide additional documentation to ensure a smooth and efficient audit process.
How do we get started?
Getting started is simple. Contact us to schedule a consultation. We’ll conduct an initial review of your group structure, understand your reporting needs, and propose a customized consolidation plan. However, From documentation to delivery, we’ll guide you through every step with clarity and professionalism.