Maddox Smith Staff asked 4 years ago

Significant Investments

The composition of the group; namely the subsidiaries, associates, any joint ventures and any other significant investments. The group’s main business operations2. Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right?3. How is the group of companies funded? Share capital, debentures? Any options, bonus issues etc. Who owns the group?4. Does the published set of group financial statements reveal the company’s policy on corporate governance? Audit committees? Sustainability? Solvency? Should it? If so, where and why?5. The non controlling interest – where would you find it in the financial statements and what does it represent? Details of any direct and indirect non controlling interest?6. Has there been any goodwill on acquisition? Or any gain on bargain purchase? Where would you find it in the financial statements and what does it mean? Any impairment?7. Does the group have any foreign currency transactions? Any foreign subsidiary companies? How have they been accounted for in the financial statements