| 9.1 | This section applies to parents that present consolidated financial statements (which are referred to as group accounts in the Act) intended to give a true and fair view of the financial position and profit or loss (or income and expenditure) of their group, whether or not they report under the Act. Parents that do not report under the Act shall comply with the requirements of this section, and of the Act where referred to in this section, unless consolidated financial statements are not required and except to the extent that these requirements are not permitted by any statutory framework under which such entities report. This section also includes requirements for individual financial statements and separate financial statements. [AMD 254] |
| AMD 254 Amendment Paragraph 9.1 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 9.1 This section applies to all parents that present consolidated financial statements (which are referred to as group accounts in the Act) intended to give a true and fair view of the financial position and profit or loss (or income and expenditure) of their group, whether or not they report under the Act. Parents that do not report under the Act should comply with the requirements of this section, and of the Act where referred to in this section, except to the extent that these requirements are not permitted by any statutory framework under which such entities report. This section also includes guidance on individual financial statements and separate financial statements. |
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