- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 No. 410
5.—(1) Items to which lower case letters are assigned in any of the formats in Section B may be combined in a company’s accounts for any financial year if—
(a)their individual amounts are not material for the purpose of giving a true and fair view, or
(b)the combination facilitates the assessment of the state of affairs or profit or loss of the company for that year.
(2) Where sub-paragraph (1)(b) applies, the individual amounts of any items so combined must be disclosed in a note to the accounts and any notes required by this Schedule to the items so combined must, notwithstanding the combination, be given.
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