Basic contents
(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.
Financial statements
(2) The financial statements for the half-year are:
- (a)
- except where paragraph (b) applies:
- (i)
- a profit and loss statement for the half-year; and
- (ii)
- a balance sheet as at the end of the half-year; and
- (iii)
- a statement of cash flows for the half-year; and
- (b)
- if required by the accounting standardsa consolidated profit and
loss statement, balance sheet and statement of cash flows.
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).
Directors' declaration
(4) The directors' declaration is a declaration by the
directors:
- (a)
- that the financial statements, and the notes referred to in
paragraph (3)(b), comply with the accounting standards; and
- (b)
- that the financial statements and notes give a true and fair view (see
section 305); and
- (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.
- 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.