Notes attached to the group financial statements need to give details according to Schedule 3A and also provide information required by paragraphs 25 to 31.

If any values in the balance sheet or profit and loss account are from different currencies and have been converted, the notes should specify the method used to translate these sums.

Information about the creditors, as mentioned in Schedule 3A, paragraph 50, should be included, considering both the company and its subsidiaries as a whole.

Specific details should be given regarding each joint venture that has been proportionally consolidated, particularly about how joint management is arranged.

When providing staff-related information according to section 317, list separately the average number of people employed by entities that are proportionally consolidated.

Details about acquisitions that took place during the financial year should be clearly stated in the notes. These details include:

• The name and registered office of the acquired entity or the registered office of the acquired entity in its country of incorporation, if it is based outside the State,
• Details about the acquired holding company if a group was acquired, including the name and registered office or its registered office in its country of incorporation if outside the State, and
• The accounting method used for the acquisition, either the acquisition method or the merger method.

Regarding Schedule 3A, paragraph 55, all transactions by the holding company or any included subsidiary with involved parties, such as shareholders or directors of the holding company or higher holding company, or entities where the holding company or any subsidiary holds a share, must be mentioned in group financial statements.

The following information should be given for every subsidiary at the end of the financial year:

• If they are included in the consolidation, and if not, why they are excluded, and
• Indicating which condition defined in section 7(2) the subsidiary is identified with in terms of its immediate holding entity.

The last point may not be applicable if the company is described in section 7(2)(a)(iii) or (iv) and the immediate holding entity has the same percentage of shares in the entity as it has voting rights.