Paragraph 5 Summary profit and loss account: companies required to prepare group accounts

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

Sch 3, para 4A added by Companies (Summary Financial Statement) 2005 reg 14(1), (5)
Sch 3, para 5 am by Companies (Summary Financial Statement) 2005 reg 14(1), (6)
Sch 3, para 8 am by Companies (Summary Financial Statement) 2005 reg 14(1), (7)
Sch 3, para 1 rev by Companies (Summary Financial Statement) 2005 reg 17(b)
Sch 3, paras 9–12 rev by Companies (Summary Financial Statement) 2005 reg 17(b)
Sch 3, para 2 am by Companies (Summary Financial Statement) 2005 reg 14(1), (2)
Sch 3, para 3 rev by Companies (Summary Financial Statement) 2005 reg 14(1), (3)
Sch 3, para 4 rev in pt by Companies (Summary Financial Statement) 2005 reg 14(1), (4)
Sch. 3 para. 2(2) words omitted by Companies Act 1985 (Operating and Financial Review) (Repeal) 2005 Sch. 2 para. 2(6)
Sch 3, para 3A added (effect for financial years ending on or after 31.12.2002) by Companies (Summary Financial Statement) 2002 reg 7(1)
Sch 3, para 4 rev in pt (effect for financial years ending on or after 31.12.2002) by Companies (Summary Financial Statement) 2002 reg 7(2)

(1)

The summary financial statement shall contain, in the case of a company the directors of which are required to prepare group accounts for the financial year, a summary consolidated profit and loss account showing the items, or combinations of items, required by paragraph 4 above, in the order required by that paragraph and under such headings as the directors consider appropriate, but with the modifications specified in sub-paragraph (2) below.

(2)

The modifications referred to in sub-paragraph (1) above are as follows–

(a)

between the information required by paragraph 4(3)(e) and that required by paragraph 4(3)(f) there shall in addition be shown, under such heading as the directors consider appropriate, the item “Income from associated undertakings” required to be shown in the Schedule 9A formats by paragraph 21(3)(b) of Schedule 4A to the 1985 Act, as adapted by paragraph 1(8) of Part II of Schedule 9A to that Act;

(b)

between the information required by paragraph 4(3)(h) and that required by paragraph 4(3)(i) there shall in addition be shown, under such heading as the directors consider appropriate, the item “Minority interests” required to be shown in the Schedule 9A formats by paragraph 17(3) of Schedule 4A to the 1985 Act as adapted by paragraph 1(6)(c) of Part II of Schedule 9A to that Act; and

(c)

the figures required by paragraph 4(3)(i) and (j) shall each be shown after the deduction or the addition (as the case may be) of the item “Minority interests” required to be shown in the Schedule 9A formats by paragraph 17(4) of Schedule 4A to the 1985 Act as adapted by paragraph 1(6)(d) of Part II of Schedule 9A to that Act.