(1) The financial report for a half-year consists of:
(a) the financial statements for the half-year; and
(b) the notes to the financial statements; and
(c) the directors' declaration about the statements and notes.
(2) The financial statements for the half-year are:
(a) unless paragraph (b) applies--the financial statements in relation to the disclosing entity required by the accounting standards; or
(b) if the accounting standards require the disclosing entity to prepare financial statements in relation to a consolidated entity--the financial statements in relation to the consolidated entity required by the accounting standards.
Notes to financial statements
(3) The notes to the financial statements are:
(a) disclosures required by the regulations; and
(b) notes required by the accounting standards; and
(c) any other information necessary to give a true and fair view (see section 305).
(4) The directors' declaration is a declaration by the directors:
(c) whether, in the directors' opinion, there are reasonable grounds to believe that the disclosing entity will be able to pay its debts as and when they become due and payable; and
(d) whether, in the directors' opinion, the financial statement and notes are in accordance with this Act, including:
(i) section 304 (compliance with accounting standards); and
(ii) section 305 (true and fair view).
Note: See paragraph 285(3)(c) for the reference to the debts of a disclosing entity that is a registered scheme.
(5) The declaration must:
(a) be made in accordance with a resolution of the directors; and
(b) specify the day on which the declaration is made; and
(c) be signed by a director.