Paragraph 12 Acquisition accounting
Where during the financial year there has been a disposal of a subsidiary undertaking or group which significantly affects the figures shown in the annual accounts of a group accounts society, there shall be stated in a note to the accounts—
the name of that undertaking or, as the case may be, of the parent undertaking of that group, and
the extent to which the profit or loss shown in the group accounts is attributable to profit or loss of that subsidiary undertaking or group. 13.The information required by paragraphs 10, 11 or 12 need not be disclosed with respect to a subsidiary undertaking which—
is established under the law of a country outside the United Kingdom, or
carries on business outside the United Kingdom,
if in the opinion of the directors of the society the disclosure would be seriously prejudicial to the business of that subsidiary undertaking or to the business of the society or any of its subsidiary undertakings and the Commission agrees that the information should not be disclosed.