Définition
Consolidated profit is an accounting operation making it possible to establish group accounts.
These aim to express the situation and results of the consolidating company which exclusively or jointly controls other companies. They entail the elimination of duplication coming either from operations conducted within the group, or from reciprocal links between the group's members, and include in the balance sheet of the parent company the assets and debts of dependent companies, sometimes in proportion to the group's shareholding.
The group's turnover integrates the cumulated turnover of the parent company and its subsidiaries after the elimination of intra-group purchases and sales.