Paragraph 20 Associated undertakings

United Kingdom

(1)

The formats set out in Schedule 1 to these Regulations have effect in relation to group accounts with the following modifications.

(2)

In the balance sheet formats replace the items headed “Participating interests”, that is—

(a)

in format 1, item B.III.3, and

(b)

in format 2, item B.III.3 under the heading “ASSETS”,

by two items: “Interests in associated undertakings” and “Other participating interests”.

(3)

In the profit and loss account formats replace the items headed “Income from participating interests”, that is—

(a)

in format 1, item 8, F1and

(b)

in format 2, item 10,

F2(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

by two items: “Income from interests in associated undertakings” and “Income from other participating interests”.

Annotations

F1: Word in Sch. 6 para. 20(3)(a) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 39(9)(a) (with reg. 3)
F2: Sch. 6 para. 20(3)(c)(d) omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 39(9)(b) (with reg. 3)