SCHEDULES
SCHEDULE 5Miscellaneous Matters to be Disclosed in Notes to Company Accounts
PART IIIFinancial Information About Subsidiaries
17
1
The information otherwise required by paragraph 16 need not be given in respect of a subsidiary of a company if either—
a
the company is exempt under this Act from the requirement to prepare group accounts, as being at the end of its financial year the wholly-owned subsidiary of another body corporate incorporated in Great Britain, or
b
the company prepares group accounts and—
i
the accounts of the subsidiary are included in the group accounts, or
ii
the investment of the company in the shares of the subsidiary is included in, or in a note to, the company's accounts by way of the equity method of valuation.
2
That information need not be given in respect of another body corporate in which the company holds shares if the company's investment in those shares is included in, or in a note to, the accounts by way of the equity method of valuation.
3
That information need not be given in respect of any body corporate if—
a
that body is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year mentioned in paragraph 16, and does not otherwise publish that balance sheet in Great Britain or elsewhere, and
b
the shares held by the company in that body do not amount to at least one half in nominal value of the body's allotted share capital.
4
Information otherwise required by paragraph 16 need not be given if it is not material.