[[(1) If in any financial year—
(a) a company is or has been party to arrangements that are not reflected in its balance sheet, and
(b) at the balance sheet date the risks or benefits arising from those arrangements are material,
the information required by this section must be given in the notes to the company's annual accounts.]
(2) The information required is—
(a) the nature and business purpose of the arrangements, and
(b) the financial impact of the arrangements on the company.
(3) The information need only be given to the extent necessary for enabling the financial
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