Paragraph 7 Corresponding amounts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch 2, para 1 am by Companies (Summary Financial Statement) 2005 reg 13(1), (2)
Sch 2, para 2 rev by Companies (Summary Financial Statement) 2005 reg 13(1), (3)
Sch 2, para 3 rev in pt by Companies (Summary Financial Statement) 2005 reg 13(1), (4)
Sch 2, para 3A added by Companies (Summary Financial Statement) 2005 reg 13(1), (5)
Sch 2, para 4 am by Companies (Summary Financial Statement) 2005 reg 13(1), (6)
Sch 2, para 7 am by Companies (Summary Financial Statement) 2005 reg 13(1), (7)
Sch. 2 para. 1(2) words omitted by Companies Act 1985 (Operating and Financial Review) (Repeal) 2005 Sch. 2 para. 2(5)
Sch 2, para 2A added (effect for financial years ending on or after 31.12.2002) by Companies (Summary Financial Statement) 2002 reg 6(1)
Sch 2, para 3 rev in pt (effect for financial years ending on or after 31.12.2002) by Companies (Summary Financial Statement) 2002 reg 6(2)

In respect of every item shown in the summary profit and loss account or summary consolidated profit and loss account (as the case may be), or in the summary balance sheet or summary consolidated balance sheet (as the case may be) the corresponding amount shall be shown for the immediately preceding financial year; for this purpose “the corresponding amount” is the amount shown in the summary financial statement for that year or which would have been so shown had such a statement been prepared for that year, after any adjustments necessary to ensure that that amount is comparable with the item for the financial year in question.