HOW TO READ ANY ANNUAL REPORT: "Company" vs "Group" Ever seen two columns — "Bank"/"Company" and "Group" — with different numbers? Here's why, using CalBank PLC as the example 👇 🏢 THE PARENT "Bank" = CalBank PLC alone — deposits, loans, treasury, corporate & retail banking. 🔗 THE SUBSIDIARIES 1️⃣ **CalAsset Management Company Limited** — SEC-licensed Fund Manager & Investment Advisor 2️⃣ **CalBank Nominees Limited ("CalNominees")** — holds and administers client assets as a custodian 📈 WHAT "GROUP" MEANS Group = CalBank PLC + CalAsset Management + CalBank Nominees, all consolidated into one set of numbers. ✅ Bank → the parent, standing alone ✅ Group → parent + every subsidiary, combined 💡 WHY IT MATTERS - Bank-only figures matter to regulators — is the core licensed bank solid? - Group figures matter to shareholders — what's the full business worth? This isn't unique to CalBank — almost every major company's annual report works this way. Once you spot it, you can read any report with more confidence. 💪 🖼️ Visual breakdown below 👇 Follow this channel for more breakdowns on reading financial statements.