Paragraph 11 Acquisition accountingI1
United Kingdom
Where during the financial year there has been a disposal of a subsidiary which significantly affects the figures shown in the annual accounts of a group accounts society, there must be stated in a note to the accounts:
(a)
the name of that subsidiary; and
(b)
the extent to which the income or expenditure shown in the group accounts is attributable to profit or loss of the subsidiaries.
Annotations
Commencement
- I1
Sch. 3 para. 11 in force at 1.9.1994, see reg. 1