Publication

Where a company is required to prepare group financial statements for a financial year, Section 340(2) prohibits the publishing by the company of entity financial statements for that year unless they are combined with the group financial statements and published together as the statutory financial statements of the company. This differs to what was under previous Companies Acts, where a company published its “full individual accounts for the year” it was required to indicate if group accounts had been prepared and, if so, where those group accounts could be obtained.