SCHEDULES

F1F1 SCHEDULE 8

Annotations:
Amendments (Textual)

F5PART III NOTES TO THE ACCOUNTS

Annotations:
Amendments (Textual)
F5

Sch. 8 substituted (1.3.1997) by S.I. 1997/220, reg. 2(2), Sch. 1

Reserves and provisions

F243

1

Where any amount is transferred—

a

to or from any reserves; or

b

to any F3provisions for liabilities or

c

from any F4provision for liabilities otherwise than for the purpose for which the provision was established;

and the reserves or provisions are or would but for paragraph 3(4)(b) be shown as separate items in the company’s balance sheet, the information mentioned in the following sub-paragraph shall be given in respect of the aggregate of reserves or provisions included in the same item.

2

That information is—

a

the amount of the reserves or provisions as at the date of the beginning of the financial year and as at the balance sheet date respectively;

b

any amounts transferred to or from the reserves or provisions during that year; and

c

the source and application respectively of any amounts so transferred.

3

Particulars shall be given of each provision included in the item “other provisions” in the company’s balance sheet in any case where the amount of that provision is material.