Group Financial Statements definition
Examples of Group Financial Statements in a sentence
Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the period are included in the Group Financial Statements from the date the Group gains control until the date the Group ceases to control the subsidiary.
There has been no material adverse change in the consolidated financial position of the Borrower Group (taken as a whole) since the date of the Original Borrower Group Financial Statements which would or is reasonably likely to have a Material Adverse Effect.
As a result, the terms are interpreted in a manner consistent with how the terms are used in Canadian Auditing Standard 600 Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) (CAS 600).
The results of these businesses have been included in the Consolidated Group Financial Statements using the acquisition method of accounting, from the date of purchase.
The Group Financial Statements have been prepared under the historical cost convention.