Entity financial statements
(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.
Guarantees and other financial commitments in favour of group undertakings
96. Commitments within any of the subparagraphs of either of paragraph 77 (details of assets charged) or paragraph 78 (guarantees and other
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