# The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Regulation 12: Financial years of subsidiary undertakings


(1) For the purposes of Schedule 6 the financial years of subsidiary undertakings are to be determined in accordance with this regulation.
(2) The financial year of a charitable subsidiary undertaking is to be determined in accordance with section 180(1).
(3) The financial year of a non-charitable subsidiary undertaking is a period in respect of which a profit and loss account of the undertaking is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not.

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Source: https://www.legislation.gov.uk/nisr/2015/384/regulation/12 (the official version)
Page: https://openlegislation.uk/charities-accounts-and-reports-regulations-northern-ireland-2015/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.