CTM81105 - Groups & consortia: groups - entitlement to profits or assets available for distribution: option, limited & varying rights
CTA10/S176 to S178
Where there are option rights (CTM81085 to CTM81100) and also:
- shares with limited rights (CTM81060 and CTM81065), and/or
-
shares with varying rights (CTM81070 and CTM81075),there are eight different possible calculations of entitlements to profits and of assets in a winding-up as below.
The eight possible combinations are:
- option rights treated as effective, rights of a different accounting period, treating limited rights as waived,
- option rights treated as effective, rights of the current accounting period, treating limited rights as waived,
- option rights treated as effective, rights of a different accounting period, no special treatment of limited rights,
- option rights treated as effective, rights of the current accounting period, no special treatment of limited rights,
- option rights ignored, rights of a different accounting period, treating limited rights as waived,
- option rights ignored, rights of the current accounting period, treating limited rights as waived,
- option rights ignored, rights of a different accounting period, no special treatment of limited rights,
- option rights ignored, rights of the current accounting period, no special treatment of limited rights.
| Rights of current accounting period | Rights of a different accounting period |
|---|---|
| Option rights effective, Limited rights waived | Option rights effective, Limited rights waived |
| Option rights effective, No special treatment of limited rights | Option rights effective, No special treatment of limited rights |
| Option rights ignored, Limited rights waived | Option rights ignored, Limited rights waived |
| Option rights ignored, No special treatment of limited rights | Option rights ignored, No special treatment of limited rights |
The lowest percentage is taken as the percentage to which the parent company is entitled.