SCHEDULES
F1F1F2SCHEDULE 9A
PART I Individual Accounts
Chapter II Accounting Principles and Rules
SECTION BA
29AInclusion of financial instruments at fair value
1
Subject to sub-paragraphs (2) to (4), financial instruments (including derivatives) may be included at fair value.
2
Sub-paragraph (1) does not apply to financial instruments which constitute liabilities unless–
a
they are held as part of a trading portfolio, or
b
they are derivatives.
3
Except where they fall to be included under Assets item D (assets held to cover linked liabilities), sub-paragraph (1) does not apply to–
a
financial instruments (other than derivatives) held to maturity;
b
loans and receivables originated by the company and not held for trading purposes;
c
interests in subsidiary undertakings, associated undertakings and joint ventures;
d
equity instruments issued by the company;
e
contracts for contingent consideration in a business combination;
f
other financial instruments with such special characteristics that the instruments, according to generally accepted accounting principles or practice, should be accounted for differently from other financial instruments.
4
If the fair value of a financial instrument cannot be determined reliably in accordance with paragraph 29B, sub-paragraph (1) does not apply to that financial instrument.
5
In this paragraph–
“associated undertaking” has the meaning given by paragraph 20 of Schedule 4A; and
“joint venture” has the meaning given by paragraph 19 of that Schedule.
Sch. 9A repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)