362
CAP. 32]
Companies
[1984 Ed.
(3) If in the case of any assets in whose case an amount is charged to revenue by way of provision for depreciation or diminution in value, an amount is also charged by way of provision for renewal thereof, the last-mentioned amount shall be shown separately.
(4) If the amount charged to revenue by way of provision for depreciation or diminution in value of any fixed assets (other than investments) has been determined otherwise than by reference to the amount of those assets as determined for the purpose of making up the balance sheet, 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 so arising shall, if 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 its being attributable as aforesaid, the fact that it is so omitted.
(4) The method by which turnover stated is arrived at.
17. (1) The matters referred to in sub-paragraphs (2) to (6) shall be stated 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.
(4) Any special circumstances which affect liability in respect of taxation of profits, income or capital gains for the financial year or liability in respect of taxation 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 loss account.
(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
(b) by any change in the basis of accounting.
PART II
SPECIAL PROVISIONS WHERE THE COMPANY IS
A HOLDING or Subsidiary COMPANY
Modifications of and Additions to Requirements
as to 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 corporate.
(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 in 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—
362
CAP. 32]
Companies
[1984 Ed.
(3) If in the case of any assets in whose case an amount is charged to revenue by way of provision for depreciation or diminution in value, an amount is also charged by way of provision for renewal thereof, the last-mentioned amount shall be shown separately.
(4) If the amount charged to revenue by way of provision for depreciation or diminution in value of any fixed assets (other than investments) has been determined otherwise than by reference to the amount of those assets as determined for the purpose of making up the balance sheet, 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 so arising shall, if 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 its being attributable as aforesaid, the fact that it is so omitted.
(4) The method by which turnover stated is arrived at.
17. (1) The matters referred to in sub-paragraphs (2) to (6) shall be stated 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.
(4) Any special circumstances which affect liability in respect of taxation of profits, income or capital gains for the financial year or liability in respect of taxation 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 loss account.
(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 other-
wise by circumstances of an exceptional or non-recurrent nature; or
(b) by any change in the basis of accounting.
PART II
SPECIAL PROVISIONS WHERE THE COMPANY IS
A HOLDING or Subsidiary COMPANY
Modifications of and Additions to Requirements
as to 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 corporate.
(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 in 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 sub- sidiaries shall be so set out separately from all its other liabilities and-
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