ANNEX III U.K. HORIZONTAL LAYOUT OF THE BALANCE SHEET PROVIDED FOR IN ARTICLE 10

Assets U.K.

A. Subscribed capital unpaid U.K.

of which there has been called

(unless national law provides that called-up capital is to be shown under ‘Capital and reserves’, in which case the part of the capital called but not yet paid shall appear as an asset either under A or under D (II) (5)).

B. Formation expenses U.K.

as defined by national law, and in so far as national law permits their being shown as an asset. National law may also provide for formation expenses to be shown as the first item under ‘Intangible assets’.

C. Fixed assets U.K.

I. Intangible assets U.K.

1. Costs of development, in so far as national law permits their being shown as assets. U.K.

2. Concessions, patents, licences, trade marks and similar rights and assets, if they were: U.K.

(a)

acquired for valuable consideration and need not be shown under C (I) (3); or

(b)

created by the undertaking itself, in so far as national law permits their being shown as assets.

3. Goodwill, to the extent that it was acquired for valuable consideration. U.K.

4. Payments on account. U.K.

II. Tangible assets U.K.

1. Land and buildings. U.K.

2. Plant and machinery. U.K.

3. Other fixtures and fittings, tools and equipment. U.K.

4. Payments on account and tangible assets in the course of construction. U.K.

III. Financial assets U.K.

1. Shares in affiliated undertakings. U.K.

2. Loans to affiliated undertakings. U.K.

3. Participating interests. U.K.

4. Loans to undertakings with which the undertaking is linked by virtue of participating interests. U.K.

5. Investments held as fixed assets. U.K.

6. Other loans. U.K.

D. Current assets U.K.

I. Stocks U.K.

1. Raw materials and consumables. U.K.

2. Work in progress. U.K.

3. Finished goods and goods for resale. U.K.

4. Payments on account. U.K.

II. Debtors U.K.

(Amounts becoming due and payable after more than one year shall be shown separately for each item.)

1. Trade debtors. U.K.

2. Amounts owed by affiliated undertakings. U.K.

3. Amounts owed by undertakings with which the undertaking is linked by virtue of participating interests. U.K.

4. Other debtors. U.K.

5. Subscribed capital called but not paid (unless national law provides that called-up capital is to be shown as an asset under A). U.K.

6. Prepayments and accrued income (unless national law provides that such items are to be shown as assets under E). U.K.

III. Investments U.K.

1. Shares in affiliated undertakings. U.K.

2. Own shares (with an indication of their nominal value or, in the absence of a nominal value, their accounting par value), to the extent that national law permits their being shown in the balance sheet. U.K.

3. Other investments. U.K.

IV. Cash at bank and in hand U.K.

E. Prepayments and accrued income U.K.

(Unless national law provides that such items are to be shown as assets under D (II) (6).)