The Companies (Summary Financial Statement) Regulations 1995

Summary profit and loss account: companies not required to prepare group accounts

4.—(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) gross premiums written—general business:

• item I1(a);

(b) gross premiums written—long term business:

• item II1(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 net income an charges:

• the net figure resulting from the combination of the following items—

  • item III 3

  • item III 3a

  • item III 4

  • item III 5

  • item III 5a

  • item III 6

  • item III 7

  • 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;

(k) profit or loss for the financial year:

• item III 16; and

(l) 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 headings as the directors consider appropriate, the figure required by paragraph 1(1) of Part I of Schedule 6 to the 1985 Act (directors' emoluments).