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Solutions · By Financial Statement

Consolidated Profit and Loss, Only External Results

Group revenue, costs and profit with intercompany income and expenses eliminated, foreign subsidiaries translated at average rates and profit split between owners and non-controlling interests. Under IFRS, US GAAP, UK GAAP, SFRS, AASB or Local GAAP.

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Consolidated Profit and Loss · Demo Group · Feb 2026 · SGD '000
IFRSUS GAAPUK GAAPSFRSAASBLocal GAAP
Revenue4,200
Cost of revenue(2,400)
Gross profit1,800
Other income40
Distribution costs(260)
Administrative expenses(420)
Operating profit1,160
Finance income30
Share of profit of associates50
Finance costs(120)
Profit before tax1,120
Income tax expense(234)
Profit for the year886
Owners of the parent858
Non-controlling interests28
Entities to group SGD '000
Revenue
SG HoldCo
2,100
AU OpCo
1,600
UK SubCo
1,080
Intercompany
(580)
Group
4,200
Profit for the year
Owners 858NCI 28
Intercompany sales and their costs are eliminated before any total is shown.
Eliminations applied Average-rate translation NCI share split
1
Internal sales, services and corresponding costsSG HoldCo sells to AU OpCo
Revenue (580)Cost of revenue 580
2
Unrealised inventory profitStock still held by AU OpCo
Cost of revenue (40)
Consolidated Profit and Loss · Feb 2026Show Entities
SGD '000Demo GroupSG HoldCoSGDAU OpCoAUDUK SubCoGBPElims/Adj
Revenue4,2002,1001,6001,080(580)
Cost of revenue(2,400)(1,220)(900)(820)580540
Gross profit1,800880700260(40)
Profit for the year886470330126(40)
Cost of revenue eliminations: 580 from entry 1, less 40 from entry 2, gives 540. Group = entities + eliminations, line by line.
Intercompany Eliminations

Only Sales to the Outside World Count

Every entity's P&L is added up, then intercompany income and expenses are taken out by type, so group revenue and profit show only trade with third parties.

  • Internal sales, services and the corresponding costs
  • Management fees and charges, rental and lease charges, other income and expenses
  • Dividend income from subsidiaries
  • Unrealised profit on inventory still held in the group
  • Show Entities puts each entity, the eliminations and the group side by side

How intercompany eliminations work →

Profit, OCI and NCI

From Profit for the Year to Total Comprehensive Income

Each standard has its consolidated profit and loss and a statement of profit or loss and other comprehensive income. Under US GAAP it is the statement of comprehensive income.

  • Profit split between owners of the parent and non-controlling interests
  • OCI from exchange differences on foreign operations, revaluation surplus, cash flow hedges, FVOCI and associates
  • NCI's share of the translation difference and other reserves taken out of the owners' total
  • Share of profit of associates on its own line

How NCI is calculated →

Profit or Loss and Other Comprehensive Income IFRS · SGD '000
Profit for the year886
Other comprehensive income
Exchange differences on translating foreign operations(46)
Revaluation surplus20
Other comprehensive income(26)
Total comprehensive income860
Owners of the parentOwners836
Non-controlling interestsNCI24
Built Into Every Run

Currency, Standards and Adjustments Handled First

By the time a figure reaches the consolidated P&L, it has been translated, classified for your standard and adjusted.

Average-Rate Translation

Foreign subsidiaries' income and expenses are translated at the average rate. The difference goes to OCI, not into profit. Currency translation →

Classified Once

Each account in the Common Chart of Accounts is tagged for every standard, so the same data gives the right line names and subtotals under each. Accounting standards →

GAAP Adjustments

Consolidation journals for impairment, leases, inventory, employee benefits and other GAAP differences flow into the statement with everything else.

Analyse Performance

Compare, Break Down and Track

The consolidated P&L is the starting point for variance analysis, profitability KPIs and the monthly pack.

Variance Reports

Actual, forecast and variance side by side, for the month and the year to date. Break any statement down by month or quarter.

Profitability KPIs

Gross profit, net profit, EBIT and EBITDA reports, plus financial performance KPIs tracked against your targets.

In the Monthly Pack

Add the consolidated P&L to an Insight Package next to the balance sheet and cash flow, or export the statement to Excel or PDF.

Explore Analysis & Reporting →

Tutorials & Standards

Learn to Read the Statements for Your Standard

Step-by-step tutorials walk through the consolidated statements line by line, for each accounting standard.

IFRSRead the statement of financial position and profit or lossTutorial → US GAAPRead the balance sheets and profit and lossTutorial → UK GAAPRead the balance sheet and profit and lossTutorial → SFRSRead the statement of financial position and profit or lossTutorial → AASBRead the statement of financial position and profit or lossTutorial → Local GAAPRead the statement of financial position and profit and lossTutorial →
Go further
TutorialFollow other comprehensive income into the reservesOpen → TutorialCompare actuals with budget and forecastOpen → TutorialUse financial performance and growth KPIsOpen → TutorialCustomise the profit and lossOpen →
Consolidated Balance Sheet Consolidated Cash Flow Accounting Standards Intercompany Eliminations
FAQ

Common Questions

Which accounting standards does the consolidated profit and loss support?
BrizoConsol has a consolidated profit and loss for IFRS, US GAAP, UK GAAP, SFRS, AASB and Local GAAP, plus a statement of profit or loss and other comprehensive income for each standard. Under US GAAP this is the statement of comprehensive income.
Which intercompany items are eliminated from the profit and loss?
Internal sales and services with their corresponding costs, management fees and charges, dividend income and distributions, rental and lease charges, other intercompany income and expenses, and unrealised profit on inventory still held in the group.
How is profit split between owners of the parent and non-controlling interests?
The NCI share of each subsidiary's profit is calculated from its ownership percentage and shown at the foot of the statement, so profit for the year is split between owners of the parent and non-controlling interests. Total comprehensive income is split the same way.
Which exchange rate is used for foreign subsidiaries?
Income and expenses of foreign subsidiaries are translated at the average rate. The resulting exchange difference goes to other comprehensive income as the translation of foreign operations.
Can I see each entity's profit and loss next to the group total?
Yes. Turn on Show Entities to see the consolidated column next to a column for each entity and an Elims/Adj column. You can also run the statement for a single entity or a virtual group, and break it down by month or quarter.
Can I compare actual results with budget or forecast?
Yes. The profit and loss variance reports put actual, forecast and variance side by side for the month and the year to date.

A Group P&L Without the Elimination Workbook

Connect your entities, run the consolidation, and the consolidated profit and loss is ready for your standard.

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