Update:
The ownership structure was not updated so I added the new company code into the consolidation group in the Consolidation Central. I did it for September of 2011 , Actual & S_LEGAL (thats the period i am using to check).
However when I run the balance sheet report, the Total of all companies is still not updated when i run for S_LEGAL.
The new company was added under international as below:
S_LEGAL (Consolidated Legal)
S_INTL (International)
1000 Finland
S_CHINA (China)
S_SINGA (Singapore)
Am i missing something?