Consolidated Statement of Income vs Consolidated Statements of Income

Both phrases are correct, but they are used in different contexts. 'Consolidated statement of income' is used when referring to a single document summarizing the income of a group of companies, while 'consolidated statements of income' is used when referring to multiple documents summarizing the income of a group of companies.

Last updated: April 01, 2024 • 470 views

This phrase is correct and commonly used when referring to a single document summarizing the income of a group of companies.

"Consolidated Statement of Income"

This phrase is used when referring to a single document that summarizes the income of a group of companies in a consolidated financial statement.

Show examples from the web [+]

Consolidated statement of income data for the first nine months of 2007
For example, depreciation expense recognised in the consolidated statement of comprehensive income after the acquisition date shall be based on the fair values of the related depreciable assets recognised in the consolidated financial statements at the acquisition date.
the amounts of revenue and profit or loss of the acquiree since the acquisition date included in the consolidated statement of comprehensive income for the reporting period; and
The following summary tables show the reclassified consolidated income statement items.
The statements relating to the consolidated income statement, balance sheet and net financial position are attached.
Derivatives are included in this category, unless they are designated as hedging instruments, and their fair value is booked to the Consolidated Income Statement.
Group results (in millions of Euro) Consolidated income statement
Consolidated income statement for 2007 first quarter
The costs relating to defined-contribution plans are booked to the Consolidated Income Statement when incurred.
The statements relating to the consolidated income statement, balance sheet and cash flow statement for the half year as at 30 June 2009 are attached.
Income taxes in the consolidated income statement 13,058 60.9% 15,745 38.9
Item "Past service cost" is included in line "Other non-operating expenses (income)" in the Consolidated Income Statement.
According to the new standard, these changes must be recognised in "Other Comprehensive Income" and will no longer be recognised in the Consolidated Income Statement.
Currently therefore, activities are being finalised for the quantification and revision of the consolidated income statement and balance sheet situation to 31 December 2004 and of 2004 interim reports prepared solely for comparative purposes.
These are credited to the Consolidated Income Statement when there is a reasonable certainty that the company will meet the conditions for obtaining the grant and that the grants will therefore be received.
Also included are all R&D overheads, net of any development costs that are capitalised because of their future benefits and excluding amortisation which is booked to a separate item in the Consolidated Income Statement.
Snam Rete Gas: consolidated financial statements, net income 545 mln/€
The portion booked to Other Comprehensive Income will be reclassified to the Consolidated Income Statement (under the item "Financial expenses (income), net") in the period when the hedged assets and liabilities impact the costs and revenues of the period.
Given that this is an eminently imputed element, the ad hoc equity reserve in the Consolidated Statement of Financial Position has been increased.
The Consolidated Statement of Financial Position is presented in two sections, showing assets on one side and liabilities and equity on the other.

Alternatives:

consolidated income statement

This phrase is correct and commonly used when referring to multiple documents summarizing the income of a group of companies.

"Consolidated Statements of Income"

This phrase is used when referring to multiple documents that summarize the income of a group of companies in consolidated financial statements.

Show examples from the web [+]

Consolidated statement of income data for the first nine months of 2007
For example, depreciation expense recognised in the consolidated statement of comprehensive income after the acquisition date shall be based on the fair values of the related depreciable assets recognised in the consolidated financial statements at the acquisition date.
the amounts of revenue and profit or loss of the acquiree since the acquisition date included in the consolidated statement of comprehensive income for the reporting period; and
The following summary tables show the reclassified consolidated income statement items.
The statements relating to the consolidated income statement, balance sheet and net financial position are attached.
Derivatives are included in this category, unless they are designated as hedging instruments, and their fair value is booked to the Consolidated Income Statement.
Group results (in millions of Euro) Consolidated income statement
Consolidated income statement for 2007 first quarter
The costs relating to defined-contribution plans are booked to the Consolidated Income Statement when incurred.
The statements relating to the consolidated income statement, balance sheet and cash flow statement for the half year as at 30 June 2009 are attached.
Income taxes in the consolidated income statement 13,058 60.9% 15,745 38.9
Item "Past service cost" is included in line "Other non-operating expenses (income)" in the Consolidated Income Statement.
According to the new standard, these changes must be recognised in "Other Comprehensive Income" and will no longer be recognised in the Consolidated Income Statement.
Currently therefore, activities are being finalised for the quantification and revision of the consolidated income statement and balance sheet situation to 31 December 2004 and of 2004 interim reports prepared solely for comparative purposes.
These are credited to the Consolidated Income Statement when there is a reasonable certainty that the company will meet the conditions for obtaining the grant and that the grants will therefore be received.
Also included are all R&D overheads, net of any development costs that are capitalised because of their future benefits and excluding amortisation which is booked to a separate item in the Consolidated Income Statement.
Snam Rete Gas: consolidated financial statements, net income 545 mln/€
The portion booked to Other Comprehensive Income will be reclassified to the Consolidated Income Statement (under the item "Financial expenses (income), net") in the period when the hedged assets and liabilities impact the costs and revenues of the period.
Given that this is an eminently imputed element, the ad hoc equity reserve in the Consolidated Statement of Financial Position has been increased.
The Consolidated Statement of Financial Position is presented in two sections, showing assets on one side and liabilities and equity on the other.

Alternatives:

consolidated income statements

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Consolidated Statement of Income vs Consolidated Statements of Income