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Paragraph 6 Summary balance sheet: companies not required to prepare group accounts

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

(1)

The summary financial statement shall contain, in the case of a company the directors of which are not required to prepare group accounts for the financial year, a summary balance sheet which shall show, in so far as they may be derived from the full balance sheet, the items, or combinations of items, set out in sub-paragraph (2) below in the order of that sub-paragraph and under such headings as the directors consider appropriate.

(2)

The items, or combinations of items, referred to in sub-paragraph (1) above are–

(a)

investments:

  • the aggregate of items C and D under the heading “ASSETS”

(b)

reinsurers' share of technical provisions;

  • item Da under the heading “ASSETS”

(c)

other assets:

  • the aggregate of items A or E(IV), B, E(I) to (III), F and G under the heading “ASSETS”

(d)

total assets under the heading “ASSETS”

(e)

capital and reserves:

  • item A under the heading “LIABILITIES”

(f)

subordinated liabilities:

  • item B under the heading “LIABILITIES”

(g)

fund for future appropriations:

  • item Ba under the heading “LIABILITIES”

(h)

gross technical provisions:

  • the aggregate of items C.2(a), C.2(a), C.3(a), C.4(a), C.5, C.6(a) and D(a) under the heading “LIABILITIES”

(i)

technical provisions–reinsurance amounts

  • the aggregate of items C.2(a), C.2(a), C.3(a), C.4(a), C.5, C.6(a) and D(a) under the heading “LIABILITIES”

(j)

other liabilities:

  • the aggregate of items E, F, G and H under the heading “LIABILITIES”and

(k)

total liabilities under the heading “LIABILITIES”