Unconsolidated subsidiary definition
/What is an Unconsolidated Subsidiary?
A unconsolidated subsidiary is a subsidiary whose financial statements are not included in the consolidated financial statements of its parent entity. Instead, the parent entity only reports its investment in the subsidiary, using the equity method of investment. A subsidiary's financial statements are unconsolidated when the parent does not exercise control over the entity.
An example of an unconsolidated subsidiary is a joint venture where the parent company shares the ownership of an entity with another party.