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Group Accounts
Financial statements that combine the accounts of a parent company with those of its subsidiaries, presenting the financial position and results of operation of the group as a single economic entity.
Contingent Liability
A potential obligation that may arise depending on the outcome of a future event or set of circumstances.
Deferred Tax Liability
This is a tax obligation due in the future for income already recorded in the financial statements, resulting from temporary differences between accounting and tax treatments.
Goodwill
The excess amount paid over the fair value of net assets acquired in a business combination, representing intangible assets such as brand reputation or customer relationships.
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