Financial Statements Consolidation Exemption – Decision Tree

Companies Act Financial Statements Consolidation Exemption – Decision Tree

Click Yes or No to see which course of action you should follow.







Prepare Companies Act entity financial statements or IFRS entity financial statements under Sections 291 / 292



Prepare Companies Act entity financial statements and disclose the fact that  the company is availing of the ‘small group’ consolidation exemption.



Consider if the conditions of Section 300 are met – ie ultimate parent is a non-EEA undertaking. 



Consider if the conditions of Section 299 are met. 



Consider if all or any of the subsidiaries can be excluded under any of the circumstances outlined in Section 303. 




Sending

Click to view larger image of the Decision Tree

GT-consolidation-decision-Tree