OpenLegislation

Division CONSOLIDATION PROCEDURESF1

United Kingdom Repealed

Original text. Later amendments are not shown.

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  1. 18In preparing consolidated financial statements, an entity combines the financial statements of the parent and its subsidiaries line by line by adding together like items of assets, liabilities, equity, income and expenses. In order that the consolidated financial statements present financial information about the group as that of a single economic entity, the following steps are then taken:
  2. 19Division 19
  3. 20Division 20
  4. 21Division 21
  5. 22Division 22
  6. 23Division 23
  7. 24Division 24
  8. 25Division 25
  9. 26Division 26
  10. 27Division 27
  11. 28Division 28
  12. 29Division 29
  13. 30Division 30
  14. 31Division 31

Annotations

Textual amendments

F1

Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 12 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)