Paragraph 17 Non-controlling interestsF1

(1)

The formats set out in Section B of Part 1 of Schedule 1 to these Regulations have effect in relation to group accounts with the following additions.

(2)

In the Balance Sheet Formats there must be shown, as a separate item and under the heading “non-controlling interests”, the amount of capital and reserves attributable to shares in subsidiary undertakings included in the consolidation held by or on behalf of persons other than the parent LLP and its subsidiary undertakings.

(3)

In the Profit and Loss Account Formats there must be shown, as a separate item and under the heading “non-controlling interests”, the amount of any profit or loss attributable to shares in subsidiary undertakings included in the consolidation held by or on behalf of persons other than the parent LLP and its subsidiary undertakings.

(4)

For the purposes of paragraph 4 of Schedule 1 (power to adapt or combine items)—

(a)

the additional item required by sub-paragraph (2) above is treated as one to which a letter is assigned, and

(b)

the additional item required by sub-paragraph (3) above is treated as one to which an Arabic number is assigned.

Annotations

Textual amendments

F1: Sch. 4 para. 17 substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43(e)