Carve-out consolidation assistance

The project launched by our client aims to separate the activities of franchisor and hotel operator from those of hotel owner. This transformation project requires rigorous financial consolidation to support the spin-off and the legal and operational reorganization of the group. The scope of the assistance assignment was therefore to prepare and carry out the consolidation of the accounts to June 30, in order to meet the needs of presentation and financial management in this complex context.

The approach adopted is based on several interdependent phases: firstly, the collection, verification and consolidation of financial data from the Group's multiple legal entities, in compliance with the applicable accounting standards. This is followed by the production of a consolidated balance sheet on an actual basis, followed by the production of a combined balance sheet for another reading of the accounts. At the same time, a consolidated income statement (P&L) is drawn up based on the hotels' P&L, including management fees. The process also includes an in-depth review of cash flow via the cash flow statement (TFT) to ensure consistency of consolidated liquidity. Finally, analytical notes are drawn up on the most significant balance sheet items to clarify the financial measures taken.