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Paragraph 6 Summary balance sheet: companies not required to prepare group accountsI1

Northern Ireland Not yet in force

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) 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) 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.1(a), C.2(a), C.4(a), C.3(a), C.5, C.6(a) and D(a) under the heading “LIABILITIES”;

    1. (i)

      technical provisions — reinsurance amounts:

  • the aggregate of items C.1(b), C.2(b), C.3(b), C.4(b), C.6(b) and D(b) 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”.

Annotations

Commencement

I1

Sch. 3 para. 6 in operation at 10.6.1996, see reg. 1