What are they?

Consolidated financial results combine the financial performance of a parent company and the subsidiaries it controls, showing the group's revenue, expenses, and profits as if it were a single economic entity.

In simple terms

Imagine a company that owns several subsidiaries. Instead of looking at each company's profits separately, their financial results are combined in a consolidated report that reflects the performance of the entire group.

When these results are prepared, financial transactions between companies in the group are eliminated so that internal revenue or expenses are not counted more than once.

Why do they matter to investors?

Consolidated financial results give investors a broader picture of the group's performance, the scale of its operations, and its sources of revenue, helping them assess its ability to generate profits.

What about minority interests?

Known in accounting as “non-controlling interests,” these represent the share held by other shareholders in the subsidiaries.

The consolidated statements show these shareholders' share of profits separately from the profits attributable to the parent company's shareholders.

This allows investors to distinguish between the profits of the group as a whole and the profits attributable to the parent company's shareholders.