SCHEDULES

F2SCHEDULE 4AFORM AND CONTENT OF GROUP ACCOUNTS

Annotations:
Amendments (Textual)

Joint ventures

19

1

Where an undertaking included in the consolidation manages another undertaking jointly with one or more undertakings not included in the consolidation, that other undertaking ( “the joint venture”) may, if it is not—

a

a body corporate, or

b

a subsidiary undertaking of the parent company,

be dealt with in the group accounts by the method of proportional consolidation.

2

The provisions ofF3 this Schedule relating to the preparation of consolidated accounts apply, with any necessary modifications, to proportional consolidation under this paragraph.