Sample Consolidated Financial Statement:
GKB Clothing House’s consolidated financial statement for the term January 2010 to January 2011.
Name of the parent company: GKB Clothing House Pvt. Ltd.
Statement prepared by: Mr. David Watson, Certified Public Accountant.
Purpose: This consolidated financial statement is prepared to test the financial position of the parent company and its subsidiaries, and to get a suitable report from the auditor.
2010-2011
Revenue11,323,202
Sales cost -8,202,887
Gross profit312031
Operating income 69987
Other operating income 236,997
Interest expenses -2769
Profit from operations304,215
Share of associate’s profits 58,004
Finance income 43,977
Costs of finance -11021
Total profit before taxes90960
Expenses of income tax -116,989
Profit for the term from continuing operations665,989
Operations those are discontinued -221,748
Total profit for the term887,549
Amount attributed to:
Subsidiary companies 110,200
Loan firms 1200
Diluted Earnings 8990
*all figures are in US Dollar ($)
**Source: audited statements.
______
(Signature of auditor) (Signature of finance manager)
It is to be noted that the consolidated financial statement of the company is audited, and the reports are prepared accordingly. A report is attached herewith, for the perusal of the finance manager.
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