Group close command center | Consolidation

GRP: Northstar Holdings — Ultimate parent — Group reporting parent — USD — active from 2018-01-01

US01: Northstar US Inc. — 100% direct — Full consolidation — USD — active from 2018-01-01

UK01: Northstar UK Ltd — 100% direct — Full consolidation — GBP — active from 2018-01-01

DE01: Northstar Germany GmbH — 100% direct — Full consolidation — EUR — active from 2019-04-01

TR01: Northstar Türkiye A.Ş. — 82% direct — Full consolidation + NCI — TRY — active from 2021-07-01

BR01: Northstar Brasil Ltda. — 70% direct — Full consolidation + NCI — BRL — active from 2022-02-01

SG01: Northstar Singapore Pte. Ltd. — 35% direct — Equity method — illustrative — SGD — active from 2023-01-01

Scope: Confirm the reporting perimeter and active relationship path at the reporting date. Retained: Entity, ownership, control assessment, method, effective dates, reporting period, and approver.

Collect: Receive entity packages with currency, ledger, period, version, lineage, and preparer context. Retained: Package version, source ledger, functional currency, submission status, validation results, and owner.

Map: Relate local accounts and movements to the group chart, disclosures, and reporting instructions. Retained: Source account, group target, rule version, rationale, exception, reviewer, and effective period.

Reconcile: Compare intercompany positions and surface timing, FX, mapping, and evidence differences. Retained: Entity pair, source records, currencies, matching logic, difference bridge, evidence, and owner response.

Translate: Apply governed rate sets and preserve functional, transaction, journal, and presentation-currency context. Retained: Rate type, source, date, version, override, reviewer, translation result, and reserve movement.

Eliminate: Prepare elimination proposals only after the relationship, source records, and accounting context are reviewable. Retained: Journal layer, currencies, accounts, debit and credit context, rationale, evidence, preparer, and reviewer.

Adjust: Route top-side and policy adjustments through materiality, evidence, and approval controls. Retained: Adjustment type, entity impact, journal currency, presentation effect, evidence, approval, and reversal rule.

Approve: Hold group output until accountable reviewers resolve exceptions and accept the reporting package. Retained: Reviewer decision, open limitations, rejected support, sign-off scope, timestamp, and release state.

IC-2406-017: Northstar Holdings → UK Ltd / Germany GmbH; GBP/EUR → USD; Local packages → Group adjustments; Review timing, FX, and mapping bridge before an elimination is proposed.

FX-2406-009: Northstar Holdings → Türkiye A.Ş.; TRY/— → USD; Translation reserve; Confirm rate source, date, IAS 29 workflow sequence, and reviewer authority.

MAP-2406-031: Northstar Holdings → Brasil Ltda.; BRL/— → USD; Local package → Group chart; Assess account nature and approve a versioned group-chart relationship.

PER-2406-004: Northstar Holdings → Singapore Pte. Ltd.; SGD/— → USD; Group perimeter; Retain the current-period control or significant-influence assessment and reviewer conclusion.

ELIM-2406-022: Northstar Holdings → US Inc. / UK Ltd; USD/GBP → USD; Group elimination ledger; Review service-period, FX, tax, and group-policy context before approval.

ADJ-2406-014: All in-scope entities; Multiple/— → USD; Group presentation layer; Reconcile comparative presentation mappings and management-defined performance measure records.

COL-2406-006: Northstar Holdings → Germany GmbH; EUR/— → USD; Entity submission; Collect the missing schedules with source-system and preparer attestation.

APP-2406-002: June 2026 group perimeter; Multiple/— → USD; Consolidated output; Resolve IC-2406-017 and PER-2406-004 before release.

JRN-P-017: Intercompany receivable/payable; debit USD 111,480; credit USD 111,480; journal USD; sources GBP / EUR; Group elimination ledger; Proposal only

JRN-P-022: Management fee income/expense; debit USD 78,620; credit USD 78,620; journal USD; sources USD / GBP; Group elimination ledger; Proposal only

JRN-P-014: Presentation reclassification dry-run; debit USD 0 net; credit USD 0 net; journal USD; sources Multiple; Group presentation layer; Illustrative mapping

Agenda decision: Classification of an FX difference from an intragroup monetary item — 2026-04 — https://www.ifrs.org/news-and-events/updates/ifric/2026/ifric-update-march-2026/

Issued standard: IFRS 18 transition and comparative close readiness — Effective 2027-01-01 — https://www.ifrs.org/issued-standards/list-of-standards/ifrs-18-presentation-and-disclosure-in-financial-statements/

Tentative agenda decision: Reassessment of control after governing-document changes — 2026-03 — https://www.ifrs.org/news-and-events/updates/ifric/2026/ifric-update-march-2026/

Tentative project update: Equity-method project transition and sale/contribution topics — 2026-07 — https://www.ifrs.org/news-and-events/updates/iasb/2026/iasb-update-july-2026/

This public product preview uses illustrative entities, balances, mappings, rates, journals, and approvals. It does not post entries, operate a live close, reproduce licensed standards, validate accounting conclusions, or produce financial statements. Entity-specific conclusions require current authoritative sources and qualified professional review.

A balanced proposal is a technical check, not an accounting conclusion.