Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 90:

In page 278, lines 18 and 19, to delete all words from and including “assets,” in line 18 down to and including “loss—” in line 19 and substitute the following:“assets, liabilities and financial position, as at the end of the financial year, and profit or loss, for the financial year—”.

This is a helpful clarification to ensure the section is consistent with the requirements outlined in the Companies Act 1963. It provides that individual and group accounts shall give a true and fair value of the assets at the end of the financial year and the profit or loss for the financial year for both the company and the group.

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