(1) In the case of a parent undertaking preparing group accounts in accordance with these Regulations, the report of the directors of that undertaking under section 158 of the Principal Act, shall contain, in addition to the information specified in that section, the following information:
(a) a fair review of the development and performance of the parent undertaking and of the development and performance of its subsidiary undertakings and of the position of the group as a whole, together with a description of the principal risks and uncertainties that they face, which review -
(i) shall be a balanced and comprehensive analysis of the development and performance of the business and of the position of the undertakings included in the group taken as a whole, consistent with the size and complexity of the business, and
(ii) to the extent necessary for an understanding of such development, performance or position, shall include an analysis of financial, and, where appropriate, non-fin