Importance To improve the effectiveness of integrated business management, I consider the need in a fundamentally new method for analyzing consolidated financial statements, based on thorough knowledge of International Financial Reporting Standards (IFRS) in applying the rules for capital consolidation, mutual settlements and financial results of a group of companies. Objectives The article studies the consolidation technique and rules of business combination so to select a technique for a factor analysis of consolidated financial statements. Methods I propose a technique for a factor analysis of financial statements, which I have constructed by identifying indicators that affect the currency of the consolidated balance sheet. Using methods for studying types of business transactions, I have determined the effect of changes in the value of goodwill, non-controlling interest and items for determining financial results on the balance sheet and income statement. I have obtained a special environmental relevance factor. Results Disclosure and analysis of environment protection expenditures in financial statements ensure the adequacy of basic requirements in the modern conditions of corporate social responsibility development. I demonstrate it with relevance ratio calculations and financial statements of the company operating the mining industry, Analitik GAZDIAS. Applying the methods for studying the factors that influence the currency of the consolidated balance sheet, in particular, goodwill, non-controlling interest and items, which determine the financial results, I propose to use a system of coefficient diagnostics and specific indicators obtained for analysis of integrated business reporting. I identify how negative goodwill, value of capital elimination and mutual payments impact on the currency of the consolidated balance sheet of the group of companies.
Keywords: relevant financial statements, corporate social responsibility, global initiative, expenditures, environmental protection, relevancy coefficient
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