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Financial Statements Consistent with the requirements that were previously included in IAS 27, a
group presents
financial statements that consolidate the assets,
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financial statements are defined as "
Financial statements of a
group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate
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