Consolidation Services
Consolidated group reporting — eliminations, currency translation and XBRL filing for Estonian parent companies
Core Offerings
- Estonian GAAP/IFRS group reporting
- Intercompany reconciliation
- Minority interest calculations
- Consolidated tax planning
- XBRL conversion for filings
Consolidated Reporting for Estonian Corporate Groups
We prepare consolidated financial statements under an experienced accountant’s supervision — every elimination documented and traceable. Compliance covered:
- EU IFRS (if applicable)
- Estonian Accounting Standards
- Commercial Code (for parent companies)
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
- Business combination (acquisition method) accounting
- Goodwill impairment testing
- Joint venture proportional consolidation
How We Work
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 Us?
An Experienced Eye
- We catch intercompany mismatches that automated tools miss
- Custom treatment for complex transactions
Estonian-Specific Knowledge — proper handling of:
- 0% tax on group dividends
- Cross-border permanent establishment risks
- Transfer pricing documentation
Frequently asked questions
Who must prepare a consolidated annual report in Estonia?
As a rule, a parent company consolidates its group in the annual report, unless an exemption applies (e.g. small groups below the statutory thresholds). We check whether an exemption applies to your structure.
Can you consolidate foreign subsidiaries?
Yes. We translate foreign subsidiaries’ figures into euros and eliminate intercompany balances and transactions across borders.
What do we need to provide?
Standalone financial statements of all group entities, intercompany transaction lists and the ownership structure — we handle the rest.