Preparation of Consolidated Annual Reports

A consolidated annual report provides a comprehensive overview of a corporate group’s financial position, performance and cash flows, delivering reliable information to shareholders, investors, lenders and other stakeholders. Grant Thornton prepares consolidated financial statements for corporate groups in accordance with Latvian regulatory requirements, International Financial Reporting Standards (IFRS) and the group’s specific financial reporting requirements.

Grant Thornton’s specialists provide professional support throughout the entire consolidation process, from reviewing consolidation methodologies and collecting financial data from group entities to preparing consolidated financial statements and ensuring compliance with applicable disclosure requirements. We help ensure the timely and accurate preparation of consolidated financial statements in compliance with regulatory requirements, enhancing financial transparency and providing a reliable foundation for strategic decision-making across the group.

Our Services Include:

• Preparation of consolidated annual reports
• Collection and consolidation of financial data from group entities
• Elimination of intercompany transactions and balances
• Preparation of consolidation adjustments and recalculations
• Calculation of non-controlling interests
• Preparation of notes and disclosures to consolidated financial statements
• Preparation of consolidation reporting packages for corporate groups
• Preparation of financial statements in accordance with IFRS and other applicable accounting standards
• Support in liaising with statutory auditors during the audit of consolidated annual reports
• Advisory services on consolidation and financial reporting matters