Consolidated financial statements

The consolidated financial statements present the results and financial situation of a group of companies, directly or indirectly controlled by one company (the parent company). Consolidation is said to be “full” for companies that are 50% or more owned by the “parent” company, and by the “equity method” for companies in which the parent company owns between 20% and 50% of the capital. The companies whose accounts are consolidated are included in the Group’s “consolidation scope”, which is presented in the annual report each year. The amount of net income attributable to minority shareholders is deducted from the consolidated net income in order to determine the “net income, group share”, the share of income or loss attributable to the parent company’s shareholders.