168. Contents of annual report

describe so far as the board believes is material for the shareholders to have an appreciation of the state of the company’s affairs and will not be harmful to the business of the company or of any of its subsidiaries, any change during the accounting period in—

the nature of the business of the company or any of its subsidiaries ; or

the classes of business in which the company has an interest, whether as a shareholder of another company or otherwise ;

include financial statements for the accounting period completed and signed in accordance with section 151, and any group financial statements for the accounting period completed and signed in accordance with section 152 ;

where an auditor has been appointed by the company, include that auditor’s report on the financial statements and any group financial statements ;

describe any change in accounting policies made during the accounting period ;

state particulars of entries in the interests register made during the accounting period ;

state the remuneration and other benefits of directors during the accounting period ;

state the total amount of donations made by the company during the accounting period ;

state the names of the persons holding office as directors of the company as at the end of the accounting period and the names of any persons who ceased to hold office as directors of the company during the accounting period ;

state the amounts payable by the company to the person or firm holding office as auditor of the company as audit fees and as a separate item, fees payable by the company for other services provided by that person or firm ;

state the particulars of any relationship (other than that of auditor) which the auditor has with or any interests which the auditor has in, the company or any of its subsidaries ; and

be signed on behalf of the board by-

two directors of the company or if the company has only one director, by that director ; and

the secretary of the company.

of subsection (1).