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CONSOLIDATIONS AFTER THE DATE OF ACQUISITION




            Consolidation Process








                  • How do we get to consolidated financial statements

                      position?



                         • End point = Starting point ± Pro-forma journal entries


                  • The starting point is:



                         • 100% of current year complete pre-closing TB of parent

                         • Added line by line to 100% of current year complete


                             pre‐closing TB of sub


                         • Example of result:


                                • 100% Sales of P + 100% Sales of S

                                • 100% PPE of P + 100% PPE of S




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