SCHEDULE 6NOTES TO ANNUAL ACCOUNTS: INFORMATION IN RESPECT OF HOLDINGS IN UNDERTAKINGS

PART IISOCIETIES REQUIRED TO PREPARE CONSOLIDATED ACCOUNTS

Other significant holdings of society or group18

1

There shall also be stated—

a

the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and

b

its profit or loss for that year.

2

That information need not be given if—

a

the undertaking is not required by any provision of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986 to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in the United Kingdom or elsewhere, and

b

the holding of the group is less than 50 per cent. of the nominal value of the shares in the undertaking.

3

Information otherwise required by this paragraph need not be given if its is not material for the purpose of giving a true and fair view for the society and its subsidiary undertakings as a whole, of the matters set out in subsections (2), (3) and (4) of section 73 of the Act.

4

For the purpose of this paragraph the “relevant financial year” of an undertaking is—

a

if its financial year ends with that of the society, that year, and

b

if not, its financial year ending last before the end of the society’s financial year.