Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992
1Citation and commencement
2Interpretation
3Amendments of Articles
4Article 263C of the 1986 Order is amended:
5Insertion of new Schedule into the 1986 Order
6Other amendments of the 1986 Order
7The 1986 Order shall be further amended in accordance with...
8Amendment to the Housing (Northern Ireland) Order 1981
9Transitional provisions
SCHEDULE 1Form and Content of Accounts of Banking Companies and Groups
Part IIndividual Accounts
CHAPTER IGENERAL RULES AND FORMATS
SECTION AGENERAL RULES
1(1) Subject to the following provisions of this Part:
2(1) Where in accordance with paragraph 1 a company’s profit...
3(1) Any item required in accordance with paragraph 1 to...
4(1) In respect of every item shown in the balance...
5(1) Subject to the following provisions of this paragraph and...
6(1) Assets shall be shown under the relevant balance sheet...
7Assets acquired in the name of and on behalf of...
8Every profit and loss account of a company shall show...
SECTION BTHE REQUIRED FORMATS FOR ACCOUNTS
Preliminary
9(1) References in this Part to the balance sheet format...
10A number in brackets following any item in any of...
Balance Sheet Format
1ASSETS
2Treasury bills and other eligible bills (20)
3Loans and advances to banks (4), (20)
4Loans and advances to customers (5), (20)
5Debt securities [and other fixed income securities] (6), (20)
6Equity shares [and other variable-yield securities]
7Participating interests
8Shares in group undertakings
9Intangible fixed assets (7)
10Tangible fixed assets (8)
11Called up capital not paid (9)
12Own Shares (10)
13Other assets
14Called up capital not paid (9)
15Prepayments and accrued income Total assets
1LIABILITIES
2Customer accounts (12), (20) (a) Repayable on demand
3Debt securities in issue (13), (20) (a) Bonds and medium...
4Other liabilities
5Accruals and deferred income
6Provisions for liabilities and charges (a) Provisions for pensions and...
7Subordinated liabilities (14), (20)
8Called up share capital (15)
9Share premium account
10Reserves (a) Capital redemption reserve (b) Reserve for own shares...
11Revaluation reserve
12Profit and loss account Total liabilities
1MEMORANDUM ITEMS
2Commitments (18) (1) Commitments arising out of sale and option...
Notes on the balance sheet format and memorandum items
(1) Cash and balances at central [or post office] banks
(2) Treasury bills and other eligible bills: Treasury bills and similar securities
(3) Treasury bills and other eligible bills: Other eligible bills
(4) Loans and advances to banks
(5) Loans and advances to customers
(6) Debt securities [and other fixed income securities]
(7) Intangible fixed assets
(8) Tangible fixed assets
(9) Called up capital not paid
(10) Own shares
(11) Deposits by banks
(12) Customer accounts
(13) Debt securities in issue
(14) Subordinated liabilities
(15) Called up share capital
(16) Contingent liabilities
(17) Contingent liabilities: Guarantees and assets pledged as collateral security
(18) Commitments
(19) Commitments: Commitments arising out of sale and option to resell transactions
(20) Claims on, and liabilities to, undertakings in which a participating interest is held or group undertakings
Special Rules
11Subordinated assets
12Syndicated loans
13Sale and repurchase transactions
14Sale and option to resell transactions
15Managed funds
Profit and Loss Account Formats
FORMAT 1
1Vertical layout
2Interest payable (2)
3Dividend income (a) Income from equity shares [and other variable-yield...
4Fees and commissions receivable (3)
5Fees and commissions payable (4)
6Dealing [profits] [losses] (5)
7Other operating income
8Administrative expenses (a) Staff costs (i) Wages and salaries
9Depreciation and amortisation (6)
10Other operating charges
11Provisions (a) Provisions for bad and doubtful debts (7)
12Adjustments to provisions (a) Adjustments to provisions for bad and...
13Amounts written off fixed asset investments (11)
14Adjustments to amounts written off fixed asset investments (12)
15[Profit] [loss] on ordinary activities before tax
16Tax on [profit] [loss] on ordinary activities
17[Profit] [loss] on ordinary activities after tax
18Extraordinary income
19Extraordinary charges
20Extraordinary [profit] [loss]
21Tax on extraordinary [profit] [loss]
22Extraordinary [profit] [loss] after tax
23Other taxes not shown under the preceding items
24[Profit] [loss] for the financial year
FORMAT 2
AHorizontal layout
1Interest payable (2)
2Fees and commissions payable (4)
3Dealing losses (5)
4Administrative expenses (a) Staff costs (i) Wages and salaries
5Depreciation and amortisation (6)
6Other operating charges
7Provisions (a) Provisions for bad and doubtful debts (7)
8Amounts written off fixed asset investments (11)
9Profit on ordinary activities before tax
10Tax on [profit] [loss] on ordinary activities
11Profit on ordinary activities after tax
12Extraordinary charges
13Tax on extraordinary [profit] [loss]
14Extraordinary loss after tax
15Other taxes not shown under the preceding items
16Profit for the financial year
BIncome
1Interest receivable (1) (1) Interest receivable and similar income arising...
2Dividend income (a) Income from equity shares [and other variable-yield...
3Fees and commissions receivable (3)
4Dealing profits (5)
5Adjustments to provisions (a) Adjustments to provisions for bad and...
6Adjustments to amounts written off fixed asset investments (12)
7Other operating income
8Loss on ordinary activities before tax
9Loss on ordinary activities after tax
10Extraordinary income
11Extraordinary profit after tax
12Loss for the financial year
Notes on the profit and loss account formats
(1) Interest receivable
(2) Interest payable
(3) Fees and commissions receivable
(4) Fees and commissions payable
(5) Dealing [profits] [losses]
(6) Depreciation and amortisation
(7) Provisions: Provisions for bad and doubtful debts
(8) Provisions: Provisions for contingent liabilities and commitments
(9) Adjustments to provisions: Adjustments to provisions for bad and doubtful debts
(10) Adjustments to provisions: Adjustments to provisions for contingent liabilities and commitments
(11) Amounts written off fixed asset investments
(12) Adjustments to amounts written off fixed asset investments
CHAPTER IIAccounting Principles and Rules
SECTION AAccounting Principles
16Subject to paragraph 22, the amounts to be included in...
Accounting principles
17The company shall be presumed to be carrying on business...
18Accounting policies shall be applied consistently within the same accounts...
19The amount of any item shall be determined on a...
20All income and charges relating to the financial year to...
21In determining the aggregate amount of any item the amount...
Departure from the accounting principles
22If it appears to the directors of a company that...
SECTION BValuation Rules
Historical Cost Accounting RulesPreliminary
23Subject to paragraphs 39 to 44, the amounts to be...
Fixed assets
24General rules
25In the case of any fixed asset which has a...
26(1) Where a fixed asset investment of a description falling...
27Development costs
28Goodwill
29Intangible and tangible fixed assets
30Other fixed assets
31Financial fixed assets
Current Assets
32The amount to be included in respect of loans and...
33(1) If the net realisable value of any asset referred...
34(1) Subject to paragraph 33, the amount to be included...
Miscellaneous and supplementary provisions
35Excess of money owed over value received as an asset item
36Determination of cost
37(1) Subject to the qualification mentioned below, the cost of...
38Substitution of original amount where price or cost unknown
Alternative Accounting Rules
Preliminary
39(1) The rules set out in paragraphs 24 to 38...
40Subject to paragraphs 42 to 44, the amounts to be...
Alternative accounting rules
41(1) Intangible fixed assets, other than goodwill, may be included...
Application of the depreciation rules
42(1) Where the value of any asset of a company...
Additional information to be provided in case of departure fromhistorical cost accounting rules
43(1) This paragraph applies where the amounts to be included...
Revaluation reserve
44(1) With respect to any determination of the value of...
Assets and Liabilities Denominated in Foreign Currencies
45(1) Subject to the following sub-paragraphs, amounts to be included...
46(1) Subject to sub-paragraph (2), any difference between the amount...
CHAPTER IIINotes to the Accounts
Preliminary
47(1) Any information required in the case of a company...
General
48Disclosure of accounting policies
49It shall be stated whether the accounts have been prepared...
50Sums denominated in foreign currencies
Information supplementing the balance sheet
51Share capital and debentures
52If the company has allotted any shares during the financial...
53(1) With respect to any contingent right to the allotment...
54(1) If the company has issued any debentures during the...
55Fixed assets
56Where any fixed assets of the company (other than listed...
57In relation to any amount which is included under Assets...
58There shall be disclosed separately the amount of:
59Reserves and provisions
60Provision for taxation
61Maturity analysis
62Debt and other fixed income securities
63Subordinated liabilities
64Fixed cumulative dividends
65Details of assets charged
66Guarantees and other financial commitments
67Memorandum items: Group undertakings
68Transferable securities
69Leasing transactions
70Assets and liabilities denominated in a currency other than sterling (or the currency in which the accounts are drawn up)
71Sundry assets and liabilities
72Unmatured forward transactions
73Miscellaneous matters
Information supplementing the profit and loss account
74Separate statement of certain items of income and expenditure
75Particulars of tax
76Particulars of income
77Particulars of staff
78Management and agency services
79Subordinated liabilities
80Sundry income and charges
81Miscellaneous matters
CHAPTER IVInterpretation of Part I
82General
83Loans
84Materiality
85Provisions
86Staff costs
PART IICONSOLIDATED ACCOUNTS
1Undertakings to be included in consolidation
2General application of provisions applicable to individual accounts
3Minority interests and associated undertakings
4Paragraphs 18 and 22(1) of Schedule 4A shall apply as...
5Foreign currency translation
6Any income and expenditure of undertakings included in the consolidation...
7Information as to undertaking in which shares held as a result of financial assistance operation
PART IIIADDITIONAL DISCLOSURE: RELATED UNDERTAKINGS
1(1) Where accounts are prepared in accordance with the special...
SCHEDULE 2Further Amendments to Part VIII of the 1986 Order
1Article 262(3) of the 1986 Order is amended by the...
2Article 268(6) of the 1986 Order is amended by the...
3The index of defined expressions set out in Article 270A...
4Parts I and II of Schedule 9 to the 1986...
5Schedule 10 to the 1986 Order (Directors' Report where Accounts...
SCHEDULE 3Further (Consequential) Amendments of the 1986 Order
1(1) Schedule 11 (Modifications of Part IX where Company’s Accounts...
2In Schedule 21 (provisions applying to unregistered companies), in the...

1992 No. 258

COMPANIES

Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

To be laid before Parliament under paragraph 3(3) of Schedule 1 to the Northern Ireland Act 1974

Made

Coming into operation

The Department of Economic Development, in exercise of the powers conferred on it by Article 265(1) and (3) of the Companies (Northern Ireland) Order 19861 and of every other power enabling it in that behalf, hereby makes the following Regulations: