Summary profit and loss account: companies not required to prepare group accounts
3.—(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 combinations of items, listed in sub-paragraph (3) below, in the order set out in that sub-paragraph.
(2) The items or combinations of items listed in sub-paragraph (3) below may appear under such headings as the directors consider appropriate.
(3) The items, or combinations of items, referred to in sub-paragraph (1) above are—
(a)turnover:
format 1, item 1
format 2, item 1
format 3, item B1
format 4, item B1;
(b)income from shares in group undertakings and participating interests:
the combination of the following two items—
format 1, items 7 and 8
format 2, items 9 and 10
format 3, items B3 and B4
format 4, items B5 and B8;
(c)other interest receivable and similar income and interest payable and similar charges:
the net figure resulting from the combination of the following two items–
format 1, items 10 and 12
format 2, items 12 and 14
format 3, items B6 and A5
format 4, items B6 and A7;
(d)the profit or loss on ordinary activities before taxation;
(e)tax on profit or loss on ordinary activities:
format 1, item 13
format 2, item 15
format 3, item A6
format 4, item A8;
(f)profit or loss on ordinary activities after tax:
format 1, item 14
format 2, item 16
format 3, item A7 or B7
format 4, item A9 or B9;
(g)extraordinary income and charges after tax:
the net figure resulting from the combination of the following items–
format 1, items 17 and 18
format 2, items 19 and 20
format 3, items A8, A9 and B8
format 4, items A10, A11 and B10;
(h)profit or loss for the financial year:
format 1, item 20
format 2, item 22
format 3, item A11 or B9
format 4, item A13 or B11; and
(i)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 heading as the directors consider appropriate, the figure required by paragraph 1(1) of Part I of Schedule 6 to the 1985 Act(1)directors' emoluments).
Part I of Schedule 6 to the 1985 Act was originally Part V of Schedule 5 to the 1985 Act. A new Schedule 5 was substituted by sections 1 and 6(2) of, and Schedule 3 to, the Companies Act 1989. However, Part V of the original Schedule 5 was reproduced, with amendments, as Part I of Schedule 6 by sections 1 and 6(4) of, and Schedule 4 to, the 1989 Act.