Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p65
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 159450–162384

dealt with in the group accounts; and
              (ii) giving particulars of the quantified financial effect on the group accounts of the failure to make out the group accounts in accordance with that accounting standard; and
          (d) where—
              (i) the company has been dormant throughout the period commencing at the commencement of its last financial year and ending on the day on which the statement is made; and
              (ii) each corporation that was a subsidiary of the company at any time during that financial year has been dormant throughout each period since the commencement of that financial year during which it was a subsidiary of the company,
          stating that the company and each such corporation have been dormant.
     "(11) The directors of a company shall—
          (a) in forming an opinion, for the purposes of a statement under sub-section (9) in relation to accounts of the company, as to the matters specified in sub-paragraphs (9) (a) (i) and (ii), have regard to—
              (i) circumstances that have arisen; and
              (ii) information that has become available,
          since the end of the financial year to which the accounts relate, being circumstances or information that would, if those accounts had been made out when the statement is made, have affected the determination of an amount or particular in those accounts; and
          (b) if adjustments have not been made in those accounts to reflect circumstances or information of a kind referred to in paragraph (a), being circumstances that are, or information that is, relevant to an understanding of those accounts or of an amount or particular in those accounts—include in the statement such information and explanations as will prevent those accounts or that amount or particular from being misleading by reason that such adjustments have not been made.
     "(12) The directors of a company that is a holding company shall—
          (a) in forming an opinion, for the purposes of a statement under sub-section (10) in relation to group accounts of the company, as to the matters specified in paragraph (10) (a), have regard to

          circumstances that have arisen, and information that has become available, since—
              (i) in the case of circumstances or information concerning the company—the end of the, financial year of the company to which those accounts relate; or
              (ii) in the case of circumstances or information concerning a subsidiary of the company—the end of the financial year of that subsidiary to which those accounts relate,
          being circumstances or information that would, if those accounts had been made out when the statement is made, have affected the determination of an amount or particular in those accounts; and
          (b) if adjustments have not been made in those accounts to reflect circumstances or information of a kind referred