Financial Consolidation

Seiretsu Group ownership, translation, eliminations and the September close.

Continuous consolidation · refreshed 10:42OpenReported set is frozen on lock

Group Revenue YTDJMD 468,000,000

After eliminations

Minority InterestJMD 14,300,000

40% of Spalding

Open Elimination Residuals0

In workflow

Ownership

Seiretsu Group · September 2026

Entity	Direct %	Indirect %	Effective %	Method	Minority Interest	Status
Seiretsu Group	—	—	100	Full	JMD 14,300,000	Parent
Seiretsu Jamaica Seiretsu Jamaica Ltd	100	100	100	Full	JMD 0	Consolidated
Spalding Fiber Networks Spalding Fiber Networks Ltd	60	60	60	Full	JMD 14,300,000	Consolidated
Seiretsu LLC Seiretsu LLC	100	100	100	Full	JMD 0	Consolidated
Seiretsu Towers Seiretsu Towers Ltd	30	30	30	Equity	—	Equity pickup
Island Data Exchange Island Data Exchange Ltd	12	12	12	Cost	—	Cost

Minority interest

Spalding Fiber Networks is the only subsidiary with a minority share.

Spalding net incomeJMD 35,750,000

Minority share40%

Minority interestJMD 14,300,000

60% is held through Seiretsu Jamaica Ltd. Equity and cost investees do not add a minority interest line.

Group revenue

Seiretsu Jamaica JMD 310,000,000 + Spalding JMD 78,000,000 + Seiretsu LLC USD 600,000 × 160.00 JMD 96,000,000 − eliminations JMD 16,000,000.

Group revenue YTDJMD 468,000,000

Rates

USD per the September close. Seiretsu LLC reports in USD.

Applicable standard

Currency	Closing Rate	Average Rate	Historical Rate
USD	161.40	160.00	155.00

Cumulative translation adjustment

JMD 2,400,000 + JMD 860,000 − JMD 310,000 = JMD 2,950,000

Proof balanced

Opening	Movement from Net Assets	Movement from Income	Closing
JMD 2,400,000	JMD 860,000	JMD -310,000	JMD 2,950,000

Eliminations

Matched pairs JMD 16,000,000 net to zero. Two residuals stay open.

Elimination ID	Entity pair	Ledger Txn A	Ledger Txn B	Amount	Match
ELIM-1401	Seiretsu Jamaica Spalding Fiber Networks	JE-4810	JE-4811	JMD 9,400,000	Matched
ELIM-1402	Seiretsu Jamaica Spalding Fiber Networks	JE-4822	JE-4824	JMD 6,600,000	Matched
ELIM-1403	Seiretsu Jamaica Seiretsu LLC	JE-4901	JE-4908	JMD 420,000	Residual
ELIM-1404	Seiretsu Jamaica Spalding Fiber Networks	JE-4914	—	JMD 180,000	Residual

No records match this filter.

One dataset · alternate hierarchies · no parallel copies

Line	Base Data	Adjustment Layer	Result
Revenue	JMD 468,000,000	JMD 0	JMD 468,000,000
Operating costs	JMD 379,400,000	JMD 0	JMD 379,400,000
Operating result	JMD 88,600,000	JMD 0	JMD 88,600,000

Line	Base Data	Adjustment Layer	Result
Revenue	JMD 468,000,000	JMD 0	JMD 468,000,000
Operating costs	JMD 379,400,000	JMD -2,150,000	JMD 377,250,000
Operating result	JMD 88,600,000	JMD 2,150,000	JMD 90,750,000

Line	Base Data	Adjustment Layer	Result
Revenue	JMD 468,000,000	JMD 0	JMD 468,000,000
Operating costs	JMD 379,400,000	JMD 1,840,000	JMD 381,240,000
Operating result	JMD 88,600,000	JMD -1,840,000	JMD 86,760,000

Movement

Opening through closing, including the FX effect.

Opening Cash	Operating	Investing	Financing	FX Effect	Closing
JMD 84,200,000	JMD 46,800,000	JMD -28,400,000	JMD 12,600,000	JMD -1,150,000	JMD 114,050,000

Financing is borrowings JMD 18,400,000 − dividends JMD 4,200,000 − minority distribution JMD 1,600,000.

Restatement

The operating difference is the lease classification line.

Line	As Reported	Restated	Difference	Reason
Revenue	JMD 468,000,000	JMD 468,000,000	JMD 0	No change
Lease classification	JMD 0	JMD -3,300,000	JMD -3,300,000	Prior-period IRU
Operating result	JMD 88,600,000	JMD 85,300,000	JMD -3,300,000	Restated