The Companies (Summary Financial Statement) Regulations 2008

Summary profit and loss account

1.—(1) The summary financial statement must contain 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), 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 combination of the following items—

(i) item III 3

(ii) item III 3a

(iii) item III 4

(iv) item III 5

(v) item III 5a

(vi) item III 6

(vii) item III 7

(viii) 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; and

(k) profit or loss for the financial year—

• item III 16.