SCHEDULES

F1SCHEDULE 10BDisclosures about related undertakings required in note to accounts

Annotations:
Amendments (Textual)
F1

Schs. 10A, 10B inserted (22.12.2004) (with effect in accordance with art. 1(2) of the amending S.I.) by The Building Societies Act 1986 (International Accounting Standards and Other Accounting Amendments) Order 2004 (S.I. 2004/3380), art. 1, Sch. para. 9

PART 2Societies required to prepare consolidated group accounts

Associated undertakings

12

1

The following information must be given where an undertaking included in the consolidation has an interest in an associated undertaking.

2

The name of the associated undertaking must be stated.

3

There must be stated–

a

if the associated undertaking is incorporated outside the United Kingdom, the country in which it is incorporated, and

b

if it is unincorporated, the address of its principal place of business.

4

The following information must be given with respect to the shares of the associated undertaking held–

a

by the society; and

b

by the group,

and the information required under paragraphs (a) and (b) must (if different) be given separately.

5

There must be stated–

a

the identity of each class of shares in the associated undertaking held; and

b

the proportion of the nominal value of the shares of that class represented by those shares.