Paragraph 15

United Kingdom

(1)

The following information shall be given with respect to the undertakings which are subsidiary undertakings of the parent company at the end of the financial year.

(2)

The name of each undertaking shall be stated.

(3)

There shall be stated—

(a)

if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

if it is unincorporated, the address of its principal place of business.

(4)

It shall also be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reasons for excluding it from consolidation shall be given.

(5)

It shall be stated with respect to each subsidiary undertaking by virtue of which of the conditions specified in section 258(2) or (4) it is a subsidiary undertaking of its immediate parent undertaking.

That information need not be given if the relevant condition is that specified in subsection (2)(a) of that section (holding of a majority of the voting rights) and the immediate parent undertaking holds the same proportion of the shares in the undertaking as it holds voting rights.