What financial statements are included in the Report of Independent Auditors for Crowne Plaza?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Report of Independent Auditors1 | |
|---|---|
| Consolidated Financial Statements | |
| Consolidated Balance Sheets3 | |
| Consolidated Statements of Net Income4 | |
| Consolidated Statements of Comprehensive Income5 | |
| Consolidated Statements of Changes in Parent's Investment6 | |
| Consolidated Statements of Cash Flows7 | |
| Notes to Consolidated Financial Statements8 |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza Franchise Disclosure Document, the Report of Independent Auditors includes several consolidated financial statements. These statements provide a comprehensive view of the company's financial performance and position.
The specific statements included are the Consolidated Balance Sheets, which present the company's assets, liabilities, and equity at a specific point in time. The Consolidated Statements of Net Income detail the company's revenues, expenses, and profits over a period. The Consolidated Statements of Comprehensive Income display all changes in equity from non-owner sources. The Consolidated Statements of Changes in Parent's Investment show how the parent company's investment in the subsidiary has changed over time. Finally, the Consolidated Statements of Cash Flows report the movement of cash both into and out of the company during a period.
These consolidated financial statements, along with the accompanying notes, offer prospective Crowne Plaza franchisees insight into the financial health and stability of Six Continents Hotels, Inc., the parent company. Reviewing these documents can help potential franchisees assess the financial risks and opportunities associated with investing in a Crowne Plaza franchise. Understanding the parent company's financial performance is crucial, as it can impact the support and resources available to franchisees.