SCHEDULES

SCHEDULE 9Special Provisions for Banking Companies and Groups

PART I INDIVIDUAL ACCOUNTS

CHAPTER II ACCOUNTING PRINCIPLES AND RULES

SECTION BVALUATION RULESHISTORICAL COST ACCOUNTING RULES

Fixed assets

25

In the case of any fixed asset which has a limited useful economic life, the amount of:

(a)

its cost; or

(b)

where it is estimated that any such asset will have a residual value at the end of the period of its useful economic life, its cost less that estimated residual value;

shall be reduced by provisions for depreciation calculated to write off that amount systematically over the period of the asset’s useful economic life.