(1) In the case of a company that does not prepare group accounts, details of—
(a) advances and credits granted by the company to its directors, and
(b) guarantees of any kind entered into by the company on behalf of its directors,
must be shown in the notes to its individual accounts.
(2) In the case of a parent company that prepares group accounts, details of—
(a) advances and credits granted to the directors of the parent company, by that company or by any of its subsidiary undertakings, and
(b) guarantees of an
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