Section 410A | Information about off-balance sheet arrangements ^F1

(1)If in any financial year—^F1F2

(a)a company is or has been party to arrangements that are not reflected in its balance sheet, and^F1F2

(b)at the balance sheet date the risks or benefits arising from those arrangements are material,^F1F2

the information required by this section must be given in the notes to the company’s annual accounts.

(2)The information required is—^F1

(a)the nature and business purpose of the arrangements, and^F1

(b)the financial impact of the arrangements on the company.^F1

(3)The information need only be given to the extent necessary for enabling the financial position of the company to be assessed.^F1

(4)If the company is subject to the small companies regime in relation to the financial year (see section 381), it need not comply with subsection (2)(b).^F1F3

(5)This section applies in relation to group accounts as if the undertakings included in the consolidation were a single company.^F1