Interpretation of this Part
209A.  In this Part, unless the contrary intention appears —
“balance sheet”, in relation to a company, means the balance sheet, by whatever name called, prepared in accordance with the Accounting Standards;
“consolidated financial statements” has the meaning given by the Accounting Standards;
“consolidated total assets” —
(a)in the case where consolidated financial statements are prepared in relation to a group — are determined in accordance with the accounting standards applicable to the group; or
(b)in the case where consolidated financial statements are not prepared in relation to a group — means the aggregate total assets of all the members of the group;
“directors’ statement” means the statement of the directors mentioned in section 201 (16);
“entity” means an entity that is referred to in the Accounting Standards in relation to the preparation of financial statements and the requirements for the preparation of financial statements;
“financial statements” means the financial statements of a company required to be prepared by the Accounting Standards;
“group” has the meaning given by the Accounting Standards;
“parent company” means a company that is required under the Accounting Standards to prepare financial statements in relation to a group;
“subsidiary company” means a company that is a subsidiary as defined in the Accounting Standards;
“subsidiary corporation” means a corporation that is a subsidiary as defined in the Accounting Standards;
“ultimate parent corporation” means a corporation which is a parent but is not a subsidiary, within the meaning of the Accounting Standards.
[36/2014]