Report a holding company and its subsidiaries as a sub-group
Any holding company in the group can be reported together with the companies it owns, including the elimination journals posted for them. Separately, you can set up reporting groups such as regions or divisions. Those give a management view, and moving a company between them changes no figure.
A holding company with the companies it owns
On the group structure, choose Balance sheet with its companies for any holding company. It combines that company with the companies it owns, including any elimination journals posted for them. A board pack can include a section of sub-consolidated statements.
Reporting groups for regions or divisions
Reporting groups are a separate way to arrange companies, for example by region or division. Choose Add group or Add sub-group, and place each company in one. They give a management view and are not statutory sub-groups. Moving a company between reporting groups changes no figure.
Budgets for a sub-group
A sub-group has no budget of its own. Budget against actual is shown for the whole group or for one company.