Combined financial statement definition
/What is a Combined Financial Statement?
A combined financial statement presents the financial results and financial positions of at least two affiliated companies. Intercompany transactions are eliminated prior to the issuance of a combined financial statement, to prevent the results from being inflated. This approach is typically used to present the results of different subsidiary companies. Such a presentation allows investors to evaluate the results of individual subsidiaries.
This differs from consolidated financial statements, which aggregate the results of a parent company and all of its subsidiaries. Thus, consolidated statements are more inclusive than combined statements.