Commercial paper conduit

A special purpose entity that issues commercial paper and uses the proceeds to purchase or fund a pool of assets. The commercial paper is secured on the assets and is redeemed

Commercial real estate

Freehold and leasehold properties used for business activities. Commercial real estate includes office buildings, industrial property, medical centres, hotels, retail stores, shopping centres, agricultural land and buildings, warehouses, garages etc.

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”,

Consolidated net income

Net income of the Group after deducting the portion of the profits of subsidiaries attributable to minority shareholders.