Download Business Units, Management and Statutory consolidation for Union Fenosa

UNIÓN FENOSA
Dublin, June 20-23 2000
UNIÓN FENOSA
CONTENTS
1 SCOPE OF THE PROCESS AT UNIÓN FENOSA
2 OBJECTIVES AND CHALLENGES
3 PRODUCT DESCRIPTION
4 ARCHITECTURE
5 INNOVATIONS
UNIÓN FENOSA
1. SCOPE OF THE PROCESS AT UNIÓN FENOSA
1.1.
GROUP CHARACTERISTICS:
ΞMORE THAN 130 COMPANIES POTENTIALLY CONSOLIDABLE
ΞDIFFERING ACCOUNTING REGULATIONS
General regulations in Spain (PGC)
Electricity sector
Real estate sector
International standards (IAS)
ΞLOCATION: in Spain and other countries
ΞVARYING CONSOLIDATION CRITERIA AND METHODOLOGY
ΞSUBJECT TO EXTERNAL AND PUBLIC AUDITS
UNIÓN FENOSA
1. SCOPE OF THE PROCESS AT UNIÓN FENOSA
1.2.
CORPORATE CONTROL & CONSOLIDATION PROCESSES:
ΞCONSOLIDATION TYPES: Statutory, regulatory, tax & management
ΞCORPORATE MANAGEMENT OF THE BUSINESS UNITS
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RESOURCES
MANAGEMENT
GENERATION
DISTRIBUTION
CORPORATE
MANAGEMENT
PROFESSIONAL
SERVICES
FOREIGN
INVESTMENTS
TELECOMMS
INDUSTRY,
MINING, & REAL
ESTATE
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1. SCOPE OF THE PROCESS AT UNIÓN FENOSA
1.3.
FINANCIAL REPORTING & FREQUENCY:
ΞFINANCIAL REPORTING
EXTERNAL REPORTS: Statutory, stock market, regulator, tax authorities
INTERNAL REPORTS: Management
ΞFREQUENCY
INTERMEDIATE CLOSE: Monthly, Quarterly
ANNUAL CLOSE
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2. OBJECTIVES AND CHALLENGES
1
PERFORM THE CONSOLIDATION PROCESS IN ACCORDANCE WITH THE
STATUTORY REQUIREMENTS.
STATUTORY CONSOLIDATION
2
ANALYSE, MONITOR AND OVERSEE THE BUSINESS UNITS INSIDE THE
GROUP.
MANAGEMENT CONSOLIDATION
3
PROVIDE AN ENVIRONMENT FOR SIMULATIONS, PROJECTIONS OF THE
FINANCIAL STATEMENTS AND GROUP MANAGEMENT
ANALYSIS AND FINANCIAL REPORTING
UNIÓN FENOSA
2. OBJECTIVES AND CHALLENGES
1
SHARE DATA AMONG THE SUBGROUPS
2
EXECUTE DIFFERENT CONSOLIDATION PROCESSES
SIMULTANEOUSLY
3
FEED INFORMATION DYNAMICALLY
4
MAINTAIN CONSISTENCY IN THE RESULTS OF THE VARIOUS STAGES OF
CONSOLIDATION
5
ANALYSE OUTPUT IN USER-FRIENDLY REPORTS
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3. PRODUCT DESCRIPTION
MODELLING
• REGULATIONS
• STRUCTURES
PROCESSES
• RECONCILE
• HOMOGENISE
• AGGREGATE
• ADJUST / ELIMINATE
MANAGEMENT
PLANNING
• GROUPS
• SCHEDULE
• PERIMETER
• CONSOLIDATION FORMS
• ENVIRONMENTS
• VALIDATE DATA
ANALYSIS & REPORTS
• BALANCE SHEET
•P&L
• CASH FLOW STATEMENT
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4. ARCHITECTURE
1
CLIENT-SERVER
Server
Client
SAS DB
W95, S AS
MS E xcel
SAS DB
UNIX, NT , W95, etc
IP network
W95, S AS
MS E xcel
SAS DB
ORACLE DB
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4. ARCHITECTURE
2
FLEXIBILITY
ΞEASY TO ADAPT TO DIFFERENT STATUTORY SYSTEMS
ΞEASY TO CUSTOMISE FOR ANY KIND OF COMPANY
ΞCONFORMING TO GROUP STANDARDS, INTERFACING WITH OTHER
COMPANY APPLICATIONS
3
SECURITY
ΞDIFFERENT USER PROFILES
ΞONE CONSOLIDATION DATA WAREHOUSE FOR ALL THE COMPANIES
4. ARCHITECTURE
4
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QUERIES &
DRILL-DOWN
CONSOLIDATION
PROCESSES
DATA
ANALYSIS
(EIS)
QUERIES MANAGEMENT
Data Warehouse
LOAD DATA
EXTRACT,TREAT,FILTER,PREPARE
CORPORATE
DATA BASE (SIE)
EXTERNAL
DATA BASE(FORMS)
UPDATE EXTERNAL
RESULTS
UPDATE STRATEGIC
RESULTS
MAIN MODULES
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5. INNOVATIONS
5.1. DEVELOPED IN LINE WITH THE CONSOLIDATION WORK-FLOW
• THE APPLICATION FOLLOWS THE CONSOLIDATION PROCESS
WORK-FLOW
• USER-FRIENDLY, MENU-DRIVEN ENVIRONMENT
• PROCESS CONTROL SCHEDULE, INTERACTIVITY
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5.1. DEVELOPED IN LINE WITH THE CONSOLIDATION WORK-FLOW
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5. INNOVATIONS
5.2. MODELLING THE CONSOLIDATION RULES
• CONSOLIDATION KNOWLEDGE BASE IS SUPPORTED IN A
CUSTOMISABLE WAY
• INTERACTIVE MANAGEMENT OF THE INVESTMENT PORTFOLIO
AND STRUCTURES OF THE GROUP COMPANIES
• SUPPORTS MULTIPLE REGULATORY ENVIRONMENTS
• DATA MODELS CAN BE SHARED WITHIN THE BUSINESS GROUP
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5.2. MODELLING THE PROCESS RULES
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5. INNOVATIONS
5.3. MULTIPLE CONSOLIDATION PROCESSES
CONSOLIDATION CRITERIA:
•STATUTORY CONSOLIDATION: PRESENTS THE RESULTS OF A
COMPANY AND ITS DEPENDENT COMPANIES AS A UNIT.
• MANAGEMENT CONSOLIDATION: PRESENTS THE RESULTS OF A
GROUP, BROKEN DOWN BY BUSINESS UNIT AND HOLDING
MULTI-DIMENSIONAL:
• MULTI-COST: ACTUAL, BUDGETED, FORECAST
• MULTI-PERIOD
• MULTI-CURRENCY
• MULTI-GROUP CONFIGURATIONS
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5.3. MULTIPLE CONSOLIDATION PROCESSES
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5. INNOVATIONS
5.4. MULTIGROUP PLATFORM
•SUPPORTS CONSOLIDATION OF DIFFERENT SUB-GROUPS.
• NEW CONCEPT OF “DATA MANAGER” AND “DATA USERS”
IN A CONSOLIDATION ENVIRONMENT
• DIFFERENT LEVELS OF USER AND DATA SECURITY:
• System manager
• Company manager
• Process user
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5.4. MULTIGROUP PLATFORM
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5. INNOVATIONS
5.5. UPDATING ACCOUNTING DATA
• THE AUDIT OF THE CONSOLIDATION PROCESS IS ASSURED BY
THE ACCOUNTING APPROACH FOLLOWED IN EXECUTION.
• THE ACCOUNT BALANCES ARE UPDATED ACCORDING TO
MOVEMENTS CREATED IN EACH STEP OF THE PROCESS.
•THE CONSOLIDATED FINANCIAL STATEMENTS ENABLE DRILLDOWN TO THE INDIVIDUAL ACCOUNTS AND MOVEMENTS .
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5.5. UPDATING ACCOUNTING DATA
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5. INNOVATIONS
5.6. PROCESS SIMULATION
• ALLOW DIFFERENT DATES AND PERIODS TO BE USED AND
HANDLED IN THE SAME CONSOLIDATION PROCESS
• CONSOLIDABLE GROUP CONFIGURATION CAN BE
CUSTOMISED
• RULES FOR EACH COMPANY CAN BE MODIFIED REGARDLESS
OF THE PERCENTAGE OF OWNERSHIP
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5.6. PROCESS SIMULATIONS
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5. INNOVATIONS
5.7. REPORTS
• EASY-TO-USE REPORTS CUSTOMISED FOR DIFFERENT END
USERS.
• DETAILED INFORMATION BY AREA, PRODUCT, GEOGRAPHIC
ZONE, etc.
•EIS TOOLS FOR DECISION-MAKING SUPPORT AND DETAILED
ANALYSIS
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5.7. REPORTS
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Thank you for your attention
Francisco Javier Ríos Guerra
[email protected]