Paragraph 9

United Kingdom

(1)

F1. . . there shall also be stated—

(a)

the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and

(b)

its profit or loss for that year.

(2)

That information need not be given if—

(a)

the company is exempt by virtue of section 228 from the requirement to prepare group accounts (parent company included in accounts of larger group), and

(b)

the investment of the company in all undertakings in which it has such a holding as is mentioned in sub-paragraph (1) is shown, in aggregate, in the notes to the accounts by way of the equity method of valuation.

(3)

That information need not be given in respect of an undertaking if—

(a)

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

(b)

the company’s holding is less than 50 per cent. of the nominal value of the shares in the undertaking.

(4)

Information otherwise required by this paragraph need not be given if it is not material.

(5)

For the purposes of this paragraph the “relevant financial year” of an undertaking is—

(a)

if its financial year ends with that of the company, that year, and

(b)

if not, its financial year ending last before the end of the company’s financial year.

Annotations

Textual amendments

F1: Words in Sch. 5 para. 9(1) omitted (2.2.1996) by virtue of S.I. 1996/189, reg. 14(3), Sch. 3 para. 9 (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F1: Sch. 5 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)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 Significant holdings in undertakings other than subsidiary undertakings

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