General rules
(1) Group financial statements shall comply, except for any necessary modifications to take account of differences between group financial statements and entity financial statements, with the provisions of Schedule 1 as if the undertakings included in the consolidation (the "group") were a single company.
(2) In particular, for the purposes of paragraph 13 of Schedule 1 of the Balance Sheet Format and paragraphs 79, 95 and 96 of Schedule 1 (dealings with or interests in group undertakings) as it applies to group financial statements -
(a) any subsidiary undertakings of the holding company not dealt with in the group financial statements shall be treated as a subsidiary undertaking of the group; and
(b) if the holding company is itself a subsidiary undertaking, the group shall be treated as a subsidiary undertaking of any holding undertaking of the holding company, and the reference to fellow subsidiary undertakings shall be read accordingly.
(1) The group balance sh
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