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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 145

Form of group accounts.

145.(1) Subject to sub-section (2), [the group accounts laid before a
holding company] shall be consolidated accounts comprising

(a)a consolidated balance sheet dealing with the state of affairs of
the company and all the subsidiaries to be dealt with in group accounts;

(b)a consolidated profit and loss account dealing with the profit or loss of
the company and those subsidiaries.

(2) If the company's directors are of opinion that it is better for the
purpose

(a)of presenting the same or equivalent information about the state of affairs
and profit or loss of the company and such subsidiaries as aforesaid; and

(b)of so presenting it that it may be readily appreciated by the company's
members;

(3) The group accounts may be wholly or partly incorporated in the company's
own balance sheet and profit and loss account.

© 1960 Crown Copyright

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