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Annual accounts - Form and contents of –Corresponding figures for immediately preceding financial year given for each group head as a whole instead of for each item ‑ Whether sufficient compliance of the sub‑section
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Comparative presentation of prior-year figures: group-head totals with explanatory notes suffice to meet disclosure requirements. Where practical difficulties prevent restating every prior-year item, supplying corresponding figures for each group head as a whole with a suitable explanatory note is deemed sufficient compliance with the requirement to present prior-year comparatives, provided the aggregated figures fully incorporate the audited prior-year items so the comparative purpose of the disclosure is preserved.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Comparative presentation of prior-year figures: group-head totals with explanatory notes suffice to meet disclosure requirements.
Where practical difficulties prevent restating every prior-year item, supplying corresponding figures for each group head as a whole with a suitable explanatory note is deemed sufficient compliance with the requirement to present prior-year comparatives, provided the aggregated figures fully incorporate the audited prior-year items so the comparative purpose of the disclosure is preserved.
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