Regulation 5 Annual accounts—group accounts societyI1
United Kingdom
In respect of the annual accounts of a group accounts society:
the provisions of this regulation apply subject to the provisions of regulation 7 below, the supplementary provisions of which also have effect in relation to those accounts; and
within those accounts:
every income and expenditure account relating to the society must be prepared in the format set out in Part I of Schedule 1;
every income and expenditure account relating to the society and its subsidiaries must be prepared on a consolidated basis in the format set out in Part I of Schedule 1 with the modifications specified in Part II of that Schedule;
every balance sheet relating to the society must be prepared in the format set out in Part I of Schedule 2; and
every balance sheet relating to the society and its subsidiaries must be prepared on a consolidated basis in the format set out in Part I of Schedule 2 with the modifications specified in Part II of that Schedule.