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Companies Act 1985

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Changes over time for: Paragraph 70

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Version Superseded: 06/04/2008

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Point in time view as at 01/10/2007. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the Companies Act 1985, Paragraph 70. Help about Changes to Legislation

Assets and liabilities denominated in a currency other than sterling (or the currency in which the accounts are drawn up)E+W+S

70(1)The aggregate amount, in sterling (or the currency in which the accounts are drawn up), of all assets denominated in a currency other than sterling (or the currency used), together with the aggregate amount, in sterling (or the currency used), of all liabilities so denominated, is to be disclosed.

(2)For the purposes of this paragraph an appropriate rate of exchange prevailing at the balance sheet date shall be used to determine the amounts concerned.

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