Version Superseded: 02/02/1996
Point in time view as at 02/10/1991. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Paragraph 59.
59Where a company is a parent company or a subsidiary undertaking and any item required by Part I of this Schedule to be shown in the company’s balance sheet in relation to [F1group undertakings] includes—
(a)amounts attributable to dealings with or interests in any parent undertaking or fellow subsidiary undertaking, or
(b)amounts attributable to dealings with or interests in any subsidiary undertaking of the company,
the aggregate amounts within paragraphs (a) and (b) respectively shall be shown as separate items, either by way of subdivision of the relevant item in the balance sheet or in a note to the company’s accounts.
Textual Amendments
F1Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 2(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)
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