interests

ul reason
company,
ad in the
r extend

in every
1 general
he profit
account,
attached
ors with
amount,

way of
opose to
‘account
. reserve
> shown

any fails
‘isions of
liable on
sortoa

{ to im-
is In the
nee was

contain
ie issued
S assets,
disclose
s of the
, Tespec-
nd shall
‘ived at.

leadings
f—
ty; and

Companies. [Ch. 31. No. 1.

(b) any expenses incurred in connection with any
issue of share capital or debentures; and

(c) if it is shown as a separate item in or is otherwise
ascertainable from the books of the company, or from
any contract for the sale or purchase of any property
to be acquired by the company, or from any documents
in the possession of the company relating to the stamp
duty payable in respect of any such contract or the
conveyance of any such property, the amount of the
goodwill and of any patents and trademarks as so
shown or ascertained.

(3) Where any liability of the company is secured
otherwise than by operation of law on any assets of the
company, the balance shect shall include a statement that
that liability is so secured, but it shall not be necessary to
specify in the balance sheet the assets on which the liability
is secured.

(4) The provisions of this section are in addition to
other provisions of this Ordinance requiring other matters to
be stated in balance sheets.

123. Where any of the assets of a company consist of
shares in, or amounts owing (whether on account of a loan
or otherwise) from a subsidiary company or subsidiary
companies, the aggregate amount of those assets, distin-
guishing shares and indebtedness, shall be set out in the
balance sheet of the first-mentioned company separately
from all its other assets, and where a company is indebted,
whether on account of a loan or otherwise, to a subsidiary
company or subsidiary companies, the aggregate amount
of that indebtedness shall be set out in the balance sheet
of that company separately from all its other liabilities.

124. (1) Where a company (in this section referred to as
“the holding company ’’) holds shares either directly or
through a nominee in a subsidiary company or in two or
more subsidiary companies, there shall be annexed to the
balance sheet of the holding company a statement, signed
by the persons by whom in pursuance of section 127 the
balance sheet is signed, stating how the profits and losses of
the subsidiary company, or, where there are two or morc
subsidiary companies, the aggregate profits and losses of

413

Assets con-
sisting of
shares in
subsidiary
companies
to be set out
separately

in balance
sheet.

Balance
sheet to
include
particulars
as to sub-
sidiary com-
panies.