The Companies (Summary Financial Statement) Regulations 1992

Summary profit and loss account

4.  Where the full annual accounts have been prepared under Part VII of the 1985 Act as amended by the Companies Act 1985 (Bank Accounts) Regulations 1991(1), the summary financial statement shall contain, in the case of a company the directors of which are not required to prepare group accounts under Part VII of the 1985 Act for the financial year, a summary profit and loss account for the company showing, in so far as they may be derived form the full profit and loss account, the following items, or combinations of items, from the profit and loss account formats set out in Chapter 1 of Part I of Schedule 9 to the 1985 Act and the following requirement of paragraph 8(b) of that Chapter, in the following order:

(a) the net figure resulting from the combination of the following items: format 1, items 1 and 2; format 2, items A1 and B1 (interest receivable and payable);

(b) the net figure resulting from the combination of the following items: format 1, items 3, 4, 5, 6 and 7; format 2, items A2, A3, B2, B3, B4 and B7 (dividend income, fees and commissions receivable and payable, dealing profits or losses and other operating income);

(c) the net figure resulting from the combination of the following items: format 1, items 8, 9, 10, 13 and 14; format 2, items A4, A5, A6, A8 and B6 (administrative expenses, depreciation and amortisation, other operating charges, amounts written off, and adjustments to amounts written off, fixed asset investments);

(d) the net figure resulting from the combination of the following items: format 1, items 11 and 12; format 2, items A7 and B5 (provisions and adjustments to provisions);

(e) format 1, item 15; format 2, item A9 or B8 (profit or loss on ordinary activities before tax);

(f) format 1, item 16; format 2, item A10 (tax on profit or loss on ordinary activities);

(g) format 1, item 17; format 2, item A11 or B9 (profit or loss on ordinary activities after tax);

(h) format 1, item 22; the net figure resulting from the combination of format 2, items A14 and B11 (extraordinary profit or loss after tax);

(i) format 1, item 23; format 2, item A15 (other taxes not shown under the preceding items);

(j) format 1, item 24; format 2, items A16 or B12 (profit or loss for the financial year); and

(k) the aggregate amount of dividends paid and proposed,

in each case under an appropriate heading.

(1)

S.I.1991/2705.