(1) The directors of a building society shall prepare in respect of each financial year of the society -
(a) an income and expenditure account giving a true and fair view of its income and expenditure for that year,
(b) a balance sheet giving a true and fair view of the state of its affairs as at the end of that year, and
(c) a cash flow statement giving a true and fair view of the manner in which its business has been financed and in which its financial resources have been used during that year,
and each of these shall be in such form and shall contain such particulars as the Central Bank may direct.
(2) Subject to subsection (5), if, at the end of its financial year, a society has subsidiaries, the directors shall also prepare, with respect to that year and in respect of the society and its subsidiaries, group accounts dealing respectively with the income and expenditure, the state of the affairs and the manner in which the society and its subsidiaries have been financed and their fi
…