# Companies Act 1985, Paragraph 6

Extent: E+W+S

Any income and expenditure of undertakings included in the consolidation and associated undertakings in a foreign currency may be translated for the purposes of the consolidated accounts at the average rates of exchange prevailing during the financial year.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9/part/IIn2/paragraph/6 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9/part-IIn2/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.