The Ports (Northern Ireland) Order 1994

12.—(1) Provision requiring the successor company either—

(a) to prepare a statement of accounts relating to the state of affairs and the income and expenditure of the relevant port authority in question in respect of any residual accounting period of that authority; or

(b) to deal with those matters in its statutory accounts in respect of any period which consists of or includes any residual accounting period of that authority.

(2) Provision under sub-paragraph (1)(a) may include provision corresponding to that authorised under paragraph 10 in relation to the authority’s accounts.

(3) Provision under sub-paragraph (1)(b) may impose requirements with respect to the manner in which the matters there mentioned are to be dealt with in the successor company’s statutory accounts.

(4) References in this paragraph to a residual accounting period of the relevant port authority are references to any period falling after the end of the accounting year of that authority dealt with in the authority’s last statutory accounts.