Search Legislation

Companies (Summary Financial Statement) Regulations (Northern Ireland) 1996

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Summary profit and loss account: companies not required to prepare group accounts

4.—(1) The summary financial statement shall contain, in the case of a company the directors of which are not required to prepare group accounts for the financial year, a summary profit and loss account showing, in so far as they may be derived from the full profit and loss account, the items, or combination of items, listed in sub-paragraph (3), in the order set out in that sub-paragraph.

(2) The items or combinations of items listed in sub-paragraph (3) may appear under such headings as the directors consider appropriate.

(3) The items, or combinations of items, referred to in sub-paragraph (1) are—

(a)gross premiums written — general business:

  • item I 1(a);

(b)gross premiums written — long term business:

  • item II 1(a);

(c)balance on the technical account for general business:

  • item I 10;

(d)balance on the technical account for long term business:

  • item II 13;

(e)other income and charges:

  • the net figure resulting from the combinations of the following items—

    • item III 3

    • item III 3a

    • item III 4

    • item III 5

    • item III 5a

    • item III 6

    • item III 7

    • item III 8:

(f)the profit or loss on ordinary activities before tax:

  • item III 8a;

(g)tax on profit or loss on ordinary activities:

  • item III 9;

(h)profit or loss on ordinary activities after tax:

  • item III 10;

(i)extraordinary profit or loss after tax:

  • the net figure resulting from the combination of items III 13 and 14;

(j)other taxes:

  • item III 15;

(k)profit or loss for the financial year:

  • item III 16; and

(l)the aggregate amount of dividends paid and, if not disclosed in the summary directors' report, proposed.

(4) The summary profit and loss account shall also show, at the end thereof and under such headings as the directors consider appropriate, the figure required by paragraph 1(1) of Part I of Schedule 6 to the 1986 Order (directors' emoluments).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources