Analyse the circumstances in which group accounts of a company need not deal with a subsidiary?

The group accounts laid before the company in general meeting need not deal with a subsidiary if directors of the company are of the opinion that:
 It is impracticable
 It would be of no real value to members of the company in view of the insignificant amounts involved
 It would involve expense or delay out of proportion to the value to members of the company
 The result would be misleading
The result would be harmful to the business of the company or any of its subsidiaries
The business of the holding company and that of the subsidiary are so different that they cannot be reasonably be treated as a single undertaking.
 If directors are of such an opinion about each of the company‟s subsidiaries, group accounts shall not be required.

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