Paragraph 83 Separate statement of certain items of income and expenditure

(1)

Subject to sub-paragraph (2), there must be stated the amount of the interest on or any similar charges in respect of—

(a)

bank loans and overdrafts, and

(b)

loans of any other kind made to the company.

(2)

Sub-paragraph (1) does not apply to interest or charges on loans to the company from group undertakings, but, with that exception, it applies to interest or charges on all loans, whether made on the security of debentures or not.

Notes on Information supplementing the profit and loss account

Footnotes

f1: See regulation 6(2) for exemption for companies falling within section 408 of the 2006 Act (individual profit and loss account where group accounts prepared).