Information about trading undertakings to be included in annual report (Act s. 5.53(2)(i))
19BB Information about trading undertakings to be included in annual report (Act s. 5.53(2)(i))
In this regulation —
income statement has the meaning given in the Local Government (Financial Management) Regulations 1996 regulation 3(1);
major trading undertaking has the meaning given in section 3.59(1);
statement of financial position has the meaning given in the Local Government (Financial Management) Regulations 1996 regulation 3(1);
trading undertaking has the meaning given in section 3.59(1).
For the purposes of section 5.53(2)(i), the annual report for a financial year beginning on or after 1 July 2022 must include the following —
separately, in relation to each trading undertaking carried on during the financial year —
an income statement; and
a statement of financial position; and
any other information that is necessary to provide full and complete information on the undertaking;
in relation to each major trading undertaking, in addition to the information required under paragraph (a), a statement setting out all other revenue and expenditure that is not included in the income statement referred to in paragraph (a)(i) but that has been used in the pricing structure for goods or services to be provided by the undertaking.
[Regulation 19BB inserted: SL 2023/106 r. 33.]
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