SCHEDULES

SCHEDULE 3Disclosure of Information: Related Undertakings[Schedule 5 to the Companies Act 1985]

Part IICompanies Required to Prepare Group Accounts

Subsidiary undertakings

15

1

The following information shall be given with respect to the undertakings which are subsidiary undertakings of the parent company at the end of the financial year.

2

The name of each undertaking shall be stated.

3

There shall be stated—

a

if the undertaking is incorporated outside Great Britain, the country in which it is incorporated;

b

if it is incorporated in Great Britain, whether it is registered in England and Wales or in Scotland;

c

if it is unincorporated, the address of its principal place of business.

4

It shall also be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reasons for excluding it from consolidation shall be given.

5

It shall be stated with respect to each subsidiary undertaking by virtue of which of the conditions specified in section 258(2) or (4) it is a subsidiary undertaking of its immediate parent undertaking.

That information need not be given if the relevant condition is that specified in subsection (2)(a) of that section (holding of a majority of the voting rights) and the immediate parent undertaking holds the same proportion of the shares in the undertaking as it holds voting rights.