# Companies Act 1985, Paragraph 18C

Extent: E+W+S

(1) In respect of every item shown in the balance sheet or profit and loss account, or stated in a note to the accounts, there shall be shown or stated the corresponding amount for the financial year immediately preceding that to which the accounts relate, subject to sub-paragraph (3).
(2) Where the corresponding amount is not comparable, it shall be adjusted and particulars of the adjustment and the reasons for it shall be given in a note to the accounts.
(3) Sub-paragraph (1) does not apply in relation to an amount shown—
(a) as an amount the source or application of which is required by paragraph 8 above (reserves and provisions),
(b) in pursuance of paragraph 13(10) above (acquisitions and disposals of fixed assets),
(c) by virtue of paragraph 13 of Schedule 4A (details of accounting treatment of acquisitions),
(d) by virtue of paragraph 2, 8(3), 16, 21(1)(d), 22(4) or (5), 24(3) or (4) or 27(3) or (4) of Schedule 5 (shareholdings in other undertakings), or
(e) by virtue of Part II or III of Schedule 6 (loans and other dealings in favour of directors and others).

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9/paragraph/18C (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9/paragraph-18C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.