Exemptions from the preparation of consolidated accounts?

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Always produce group accounts...unless

Exceptions

  1. The parent is itself a 100% subsidiary

  2. The parent isn't a 100% sub but the other owners don't mind the parent not preparing group accounts

  3. The parent's loans or shares are not traded in a public market

  4. The parent didn't file its accounts with a stock exchange (in order to issue shares)

  5. The ultimate parent already produces group accounts

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