2Adaptation of format

## 2 Adaptation of format (1) In this clause, prescribed requirement means, in relation to accounts or consolidated accounts: (a) a form of words; or (b) the order in which headings, subheadings or entries are to be arranged. (2) Subject to subclause (3), if: (a) in the opinion of the directors of a company, having regard to the nature of the business conducted by the company; or (b) in the opinion of the directors of a chief entity, having regard to the nature of the business conducted by the economic entity; any prescribed requirement would prevent the accounts of that company, or the consolidated accounts, as the case may be, being prepared so as to give a true and fair view of the profit or loss or state of affairs of the company or the economic entity in any respect, those accounts or consolidated accounts may depart from that requirement to the extent necessary to give a true and fair view. (3) A prescribed requirement to specify an item of information in a profit and loss account or balance sheet forming part of accounts or consolidated accounts may only be departed from if that information is given separately in a note forming part of those accounts or consolidated accounts. (4) If a provision of this Schedule requires any matter relating to an entry in a profit and loss account or a subheading in a balance sheet to be provided for in a note, that matter may be incorporated into that entry or subheading.