SCHEDULES

C1C2SCHEDULE 4 Form and Content of Company Accounts

Annotations:
Modifications etc. (not altering text)

Part VII Interpretation of Schedule

Provisions

88

1

References to provisions for depreciation or diminution in value of assets are to any amount written off by way of providing for depreciation or diminution in value of assets.

2

Any reference in the profit and loss account formats set out in Part I of this Schedule to the depreciation of, or amounts written off, assets of any description is to any provision for depreciation or diminution in value of assets of that description.

89

References to F1provisions for liabilities are to any amount retained as reasonably necessary for the purposes of providing for any liability F2the nature of which is clearly defined and which is either likely to be incurred, or certain to be incurred but uncertain as to amount or as to the date on which it will arise.

90F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

93 Scots land tenure

In the application of this Schedule to Scotland, “land of freehold tenure” means land in respect of which the company F4is the proprietor of the dominium utile or, in the case of land not held on feudal tenure,is the owner; “land of leasehold tenure” means land of which the company is the tenant under a lease F4; and the reference to ground-rents, rates and other outgoings includes feu-duty and ground annual.