Citibank 2015 Annual Report Download - page 311

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29. CONDENSED CONSOLIDATING FINANCIAL
STATEMENTS
Citigroup expects to amend its Registration Statement on Form S-3 with
the SEC (File No. 33-192302) to add its wholly owned subsidiary, Citigroup
Global Markets Holdings Inc. (CGMHI), as a co-registrant. Any securities
issued by CGMHI under the Form S-3 will be fully and unconditionally
guaranteed by Citigroup.
The following are the Condensed Consolidating Statements of Income
and Comprehensive Income for the years ended December 31, 2015, 2014
and 2013, Condensed Consolidating Balance Sheet as of December 31, 2015
and 2014 and Condensed Consolidating Statement of Cash Flows for the
years ended December 31, 2015, 2014 and 2013 for Citigroup Inc., the parent
holding company (Citigroup parent company), CGMHI, other Citigroup
subsidiaries and eliminations and total consolidating adjustments. “Other
Citigroup subsidiaries and eliminations” includes all other subsidiaries of
Citigroup, intercompany eliminations and income (loss) from discontinued
operations. “Consolidating adjustments” includes Citigroup parent company
elimination of distributed and undistributed income of subsidiaries and
investment in subsidiaries.
These Condensed Consolidating Financial Statements have been prepared
and presented in accordance with SEC Regulation S-X Rule 3-10, “Financial
Statements of Guarantors and Issuers of Guaranteed Securities Registered or
Being Registered.”
These Condensed Consolidating Financial Statements schedules are
presented for purposes of additional analysis, but should be considered
in relation to the Consolidated Financial Statements of Citigroup taken
as a whole.