PART 2CONSOLIDATED REPORT ON PAYMENTS TO GOVERNMENTS
Duty to prepare a consolidated report8
1
The directors of a parent undertaking must prepare a consolidated report annually on payments made to governments for each financial year of the parent undertaking (the “consolidated report”) if that undertaking is—
a
a large undertaking or a public interest entity;
b
a mining or quarrying undertaking or a logging undertaking; and
c
obliged to prepare consolidated group accounts.
2
A parent undertaking is a mining or quarrying undertaking or a logging undertaking if any of its subsidiary undertakings is a mining or quarrying undertaking or a logging undertaking.