Paragraph 6 I1
United Kingdom
If at the end of the financial year the society has jointly controlled bodies or subsidiaries, there must be contained in the committee of management’s annual report a statement of:
the average number of persons employed between them in each week in that year by the society and the jointly controlled bodies or subsidiaries; and
the aggregate remuneration paid or payable in respect of that year to the persons by reference to whom the number stated under sub-paragraph (a) is ascertained.
The number to be stated under that sub-paragraph is the quotient derived by dividing, by the number of weeks in the financial year, the number derived by ascertaining, in relation to each of those weeks, the number of persons who, under contracts of service, were employed between them in the week (whether throughout it or not) by the society and its jointly controlled bodies or subsidiaries and adding up the numbers ascertained.
Annotations
Commencement
- I1
Sch. 8 para. 6 in force at 1.9.1994, see reg. 1