SCHEDULE 1IAS ACCOUNTS: CONSEQUENTIAL AMENDMENTS TO 1986 ORDER
16
In Article 255 (qualification of company as small or medium-sized)34, for paragraph (5) substitute –
5
The balance sheet total means –
a
in the case of Companies Order individual accounts –
i
the aggregate of the amounts shown in the balance sheet under the headings corresponding to items A to D of Format 1 in Part I of Schedule 4 or Part I of Schedule 8, or
ii
if Format 2 is adopted, the aggregate of the amounts shown under the general heading “ASSETS”;
b
in the case of IAS individual accounts, the aggregate of the amounts shown as assets in the balance sheet.