Group Consolidation Services

Manual Consolidation for Estonian Corporate Groups

We prepare consolidated financial statements the old-school way - with spreadsheets and human verification - ensuring compliance with:

• EU IFRS (if applicable)
• Estonian Accounting Standards
• Commercial Code (for parent companies)

Core Services

Basic Consolidation Package

• Group balance sheet & income statement
• Elimination of intercompany transactions
• Foreign subsidiary currency translation

Compliance Add-Ons
◈ Related-party disclosure notes
◈ Consolidated cash flow statement
◈ Segment reporting (if required)

Special Cases
• Step-by-step acquisition accounting
• Goodwill impairment testing
• Joint venture proportional consolidation

How We Process Your Data

You Provide (by March 1 for calendar-year groups):

• Standalone financials from all group entities
• Intercompany transaction lists
• Ownership structure documentation

We Deliver (within 4 weeks):

• Draft consolidation package
• Tax optimization observations
• Dividend capacity analysis

Final Submission (by June 30 deadline):

• XBRL conversion for Äriregister
• Audit-ready working papers

Why Choose Manual Consolidation?

Human Oversight Advantages

• Catch intercompany mismatches automation misses
• Custom treatment for complex transactions

Estonian-Specific Knowledge

• Proper handling of:
  ✔ 0% tax on group dividends
  ✔ Cross-border permanent establishment risks
  ✔ Transfer pricing documentation links