201 Section 199: large organisations

(1) For the purposes of section 199(1) and (2) a relevant body is a "large organisation" only if the body satisfied two or more of the following conditions in the financial year of the body ("year P") that precedes the year of the fraud offence -

Turnover	More than £36 million
Balance sheet total	More than £18 million
Number of employees	More than 250.

(2) The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).

(3) For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.

(4) In subsection (1) the "number of employees" means the average number of persons employed by the relevant body in year P, determined as follows -

(a) find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),

(b) add togethe

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