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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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