Paragraph 28
United Kingdom
F1. . .there shall also be stated—
the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and
its profit or loss for that year.
That information need not be given if—
the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and
the holding of the group is less than 50 per cent. of the nominal value of the shares in the undertaking.
Information otherwise required by this paragraph need not be given if it is not material.
For the purposes of this paragraph the “relevant financial year” of an outside undertaking is—
if its financial year ends with that of the parent company, that year, and
if not, its financial year ending last before the end of the parent company’s financial year.
Annotations
Textual amendments
- F1
Words in Sch. 5 para. 28(1) omitted (2.2.1996) by virtue of S.I. 1996/189, reg. 14(3), Sch. 3 para. 21 (with reg. 16)
Notes on Schedule 5
Textual amendments
- F1
Sch. 5 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)
Notes on Part II
Textual amendments
- F1
Sch. 5 substituted (subject to the transitional and saving provisions in S.I. 1990/355, arts 6–9, Sch. 2) by Companies Act 1989 (c. 40, SIF 27), ss. 6(2), 213(2), Sch. 3
Notes on Other significant holdings of parent company or group
Textual amendments
- F1
Sch. 5 substituted (subject to the transitional and saving provisions in S.I. 1990/355, arts 6–9, Sch. 2) by Companies Act 1989 (c. 40, SIF 27), ss. 6(2), 213(2), Sch. 3