GENERATING VALUE

VM Finance Group JSC is subject to an independent financial auditor. The consolidated financial statements cover all subsidiaries under the supervision of the parent company.

A consolidated financial state- ment consists of the financial statements of a group presented as those of a single accountable economic entity.
A group consists of a parent company and all of its subsidiaries together.
A subsidiary is an entity that is controlled by a separate higher entity (called the parent com- pany).