Annual accounts

22. (1) Every licansm shall, unless expressly exempted by its liccnce. prepare and render ta the Cammissian, an or before the date in each year specified in its liccnee, an annual statement of accounts of it-s mdertaking and of each separate business unit specified in ~ t s h w c e made up to sucb date, in such form and containing such particulars, as may be set out in its licence. It shall be a term of its licence that such statemcnts shalt be publishedin the manner prcscribed in the regblation~.