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of those assets as determined for the purpose of making up the balance sbcet, that fact shall be stated,
14. The amount of any charge arising in consequence of the occurrence of an event in a preceding financial year and of any credit wa arising shall, not included in a heading relating to other matters, be stated under a separate heading.
15. The amount of the remuneration of the auditors shall be shown under a separate heading, and for the purposes of this paragraph, any sums paid by the company in respect of the auditors' expenses shall be deemed to be included in the expression "remuneration",
16. (1) The matters referred to in sub-paragraphs (2) to (4) shall be stated by way of note, if not otherwise shown.
(2) The turnover for the financial year, except in so far as it is attributable to the business of banking or to business of such other class as may be prescribed for the purposes of this sub-paragraph.
(3) If some or all of the turnover is omitted by reason of it being attributable as aforesaid, the fact that it is so omitted.
(4) The method by which turnover stated is arrived at.
[7. (1) The matters referred to in sub-paragraphs (2) to (6) shall be staled by way of note, if not otherwise shown.
(2) If depreciation or replacement of fixed assets is provided for by some method other than a depreciation charge or provision for renewals, or is not provided for, the method by which it is provided for or the fact that it is not provided for, as the case may be.
(3) The basis on which the charge for Hong Kong profits tax is computed.
(0) Any special circumstances which affect liability in respect of laxation of profits, income or capital guins for the fluancial year or liability in respect of laxation of profits, income or capital gains for succeeding financial years.
(5) Except in the case of the first profit and loss account laid before the company after 1st October 1975 the corresponding amounts for the immediately preceding financial year for all items shown in the profit and Joss accounL
(6) Any material respects in which any items shown in the profit and loss account are affected—
(a) by transactions of a sort not usually undertaken by the company or otherwise by circumstances of an exceptional or non-recurrent nature; or
(8) by any change in the basis of accounting.
PART II
53
SPECIAL PROVISIONS WHERE THE COMPANY IS A HOLDING OR SUBSIDIary CompanY
Modifications of and Additions to Requirements
as lo Company's own Accounts
18. (1) This paragraph shall apply where the company is a holding company, whether or not it is itself a subsidiary of another body corporale.
(2) The aggregate amount of assets consisting of shares in, or amounts owing (whether on account of a loan or otherwise) from, the company's subsidiaries, distinguishing shares from indebtedness, shall be set out ia the balance sheet separately from all the other assets of the company. and the aggregate amount of indebtedness (whether on account of a loan or otherwise) to the company's subsidiaries shall be so set out separately from all its other liabilities and-
(0)_the_references in Part I to the company's investments (except those in paragrapha 12(6) and 13(4)) shall not include investments in its subsidiaries required by this paragraph to be separately set out; and
(b) paragraph 5, sub-paragraph (Ma) of paragraph 13, and sub- paragraph (2) of paragraph 17 shall not apply in relation to fixed assets consisting of interests in the company's subsidiaries,
(3) There shall be shown by way of note on the balance sheet or in a statement or report annexed thereto the number, description and amount of the shares in and debentures of the company held by its subsidiaries or their nominees, but excluding any of those shares or debentures in the case of which the subsidiary is concerned as personal representative or in the case of which it is concerned as trustee and neither the company Dor any subsidiary thereof is beneficially interested under the trust, other- wise than by way of security only for the purposes of a transaction enlared into by it in the ordinary course of a business which includes the lending of money.
(4) Where group accounts are not submitted, there shall be annexed to the balance sheet a statement showing-
(a) the reasons why subsidiaries are not dealt with in group accounts, (b) the net aggregate amount, so far as it concerns members of the bolding company and is not dealt with in the company's accounts, of the subsidiaries' profits after deducting the subsidiaries' losses (or vice versa)→→
(i) for the respective financial year of the subsidiaries ending with or during the financial year of the company; and
(i) for their previous financial years since they respectively became the holding company's subsidiary:
(c) the net aggregate amount of the subsidiaries" profits after deduct-
ing the subsidiaries' losses (or vice versa)
(1) for the respective financial years of the subsidiaries ending. with or during the financial year of the company; and
(i) for their other financial years since they respectively became the holding company's subsidiary;