The so-called 'external partners' in the groups of corporations: A model of presentation in the consolidated statements

This paper studies, on the one hand, theories set out around the consideration of the external partners in the consolidated information and on the other hand, financial models that discuss the convenience of the separation or not of the different elements that form part of the liabilities of the balance sheet of the companies. A Model is proposed, the External Partners Model, which financially argues a certain presentation and processing of such and that, in our opinion, facilitates the analysis of the consolidated financial statements. This model is based on two hypotheses: (1) the economic and financial variables are not independent and (2) the value of the company depends, among other factors, of the type of sources that constitute their capital. These two hypotheses will imply that a separation should be included in the consolidated balance sheet between equity and liabilities as they are different sources of capital and then its separation will give relevant information to its users.