然而，也有例外情況，即擁有的多數投票權不包括控制權。例如，CBA將St Andrew’s視為非合並子公司，因為其業務包括人壽、一般保險和基金管理業務都是由APRA單獨監管的(CBA, 2009)。另一方面，只要一個實體具有絕對的指導相關活動的能力，仍然可以認為它對擁有50%或更少投票權的被投資方擁有權力，具體情況需要通過專業判斷的實踐來確定。
What is the purpose of consolidated financial statements and which entities are required to prepare consolidated financial statements?
However, there are exceptions where the majority voting interest owned does not comprise control. For instance, CBA treated St Andrew’s as a non-consolidated subsidiary due to the fact that its operations including life and general insurance and fund management businesses are separately regulated by APRA (CBA, 2009). On the other hand, an entity could still be considered having the power over the investees with owning 50% or less of the voting rights so long as it has the absolute ability to direct relevant activities, of which situation needs to be determined by the practice of professional judgment.
Thus, it can be concluded that the financial statements of the company is one of the most important element for doing the overall analysis of the company’s financial status in the given year. Other than this, the financial statements may prove to be the most important entity for the business. There is a huge importance of consolidated financial statements in each and every business. It is considered to be pivotal in the development of the company. It also helps in the creation of the futuristic strategies which may be very beneficial for the company.