2020. 12. 29. · Unconsolidated Subsidiary: An unconsolidated subsidiary is a company that is owned by a parent company, but whose individual financial statements are not included in the consolidated or combined. As adjectives the difference between consolidated and unconsolidated is that consolidated is (finance) including financial data of the parent and all subsidiary companies while unconsolidated is not (yet) consolidated. As a verb consolidated is (consolidate).