Dealings with or interests in group undertakings
(1) This Part applies where the company is a holding company, whether or not it is itself a subsidiary undertaking.
(2) Where a company is a holding company or a subsidiary undertaking and any item required by Part II to be shown in the company's balance sheet, in relation to group undertakings, includes -
(a) amounts attributable to dealings with or interests in any holding undertaking or fellow subsidiary undertaking, or
(b) amounts attributable to dealings with or interests in any subsidiary undertaking of the company,
the aggregate amounts within clauses (a) and (b), respectively, shall be shown as separate items, either by way of subdivision of the relevant item in the balance sheet or in a note to the company's financial statements.
Interests in debentures of holding company held by subsidiary undertakings
(1) Subject to subparagraph (2), where the company is a holding company, the number, description and amoun
…