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A consolidated financial statement (CFS) is the "financial statement of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity", according to the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International ...
Union Bank of the Philippines (Unionbank) 975,009.45: 10 Development Bank of the Philippines (DBP) 971,535.85: 11 East West Banking Corporation (EastWest Bank) 468,225.98: 12 Citibank Philippines: 375,941.33: 13 Asia United Bank Corporation (AUB) 344,142.34: 14 Hongkong & Shanghai Banking Corporation (HSBC) 268,267.33: 15 Bank of Commerce ...
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
Consolidated financial statements are defined as "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial ...
The parent company needs to issue consolidated financial statements at the end of the year to reflect this relationship. Consolidated financial statements show the parent and the subsidiary as one single entity. During the year, the parent company can use the equity or the cost method to account for its investment in the subsidiary.
The government financial statements usually include a statement of activities (similar to an income statement in the private sector), a balance sheet and often some type of reconciliation. Cash flow statements are often included to show the sources of the revenue and the destination of the expenses.
The bank's total capital funds on June 30, 2006 stood at P57.3 billion. Its consolidated resources amounted to ₱588.1 billion as of the same period. As of June 2007 assets reached ₱669.1 billion ($14.5 billion) (₱46 =$1). In 1990, alongside Chinabank, Citibank Philippines, RCBC and Security Bank, Metrobank become a founding member of BancNet.
Consolidated revenues decreased by 10% year-on-year to P25.656 billion from P28.369 billion. The attributable net income in 2013 represented 18.5% of total revenue, compared to 31.7% in 2012. Recurring net income attributable to equity holders of the parent decreased by 23% to P6.565 billion from P8.522 billion.