SCHEDULES
F1F1SCHEDULE 3
Part II Companies Required to Prepare Group Accounts
Financial information about subsidiary undertakings not included in the consolidation
17
1
There shall be shown with respect to each subsidiary undertaking not included in the consolidation—
a
the aggregate amount of its capital and reserves as at the end of its relevant financial year, and
b
its profit or loss for that year.
2
That information need not be given if the group’s investment in the undertaking is included in the accounts by way of the equity method of valuation or if—
a
the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and
b
the holding of the group is less than 50 per cent. of the nominal value of the shares in the undertaking.
3
Information otherwise required by this paragraph need not be given if it is not material.
4
For the purposes of this paragraph the “relevant financial year” of a subsidiary undertaking is—
a
if its financial year ends with that of the company, that year, and
b
if not, its financial year ending last before the end of the company’s financial year.
Sch. 3 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12)