The group financial statements must include all the necessary information outlined in Schedule 3, along with the details required in paragraphs 25 to 31. Additional points to include, such as conversion rates for foreign currencies and specifics on creditors, can be found in these paragraphs.

If you have translated sums from another currency into the currency of your group financial statements, make sure you clarify the conversion method you used.

When it comes to liabilities presented under "creditors", information should be laid out according to paragraph 56 of Schedule 3. This should consider the group as a whole, including both the parent company and its subsidiaries.

You need to provide details about the management arrangement for proportionally consolidated joint ventures.

The average employment numbers for proportionally consolidated companies must be disclosed separately when presenting staff details as required by section 317.

Any acquisitions made during the financial year must be noted in the group financial statements. This requires the following:

• The name and office address of the acquired entity. If the entity was registered outside of the State, provide its office address in the country of registration.
• If an entire group has been acquired, disclose the name and office address of the parent company. If the parent company was registered outside of the State, provide its office address in the country of registration.
• Specify whether the acquisition was accounted for by the acquisition method or the merger method.

If a holding company prepares group financial statements, certain information is required regarding any subsidiary companies at the end of the financial year. This includes:

• Whether the subsidiary is included in the consolidation. If not, clarify the reasons for its exclusion.
• Identification of how it meets the conditions of a subsidiary undertaking as outlined in section 7(2).

Note that if a subsidiary pertains to descriptions in section 7(2)(a)(iii) or (iv) and holds the same proportion of shares as voting rights, the above point of identification is not necessary.

Paragraph 65 of Schedule 3 applies to group financial statements insofar as it relates to any transactions between the parent company or any subsidiary included in the consolidation and related parties. This does not cover intra-group transactions.