SCHEDULES

F1F1F2SCHEDULE 9A

Annotations:
Amendments (Textual)
F2

Sch. 9A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 4, 6, 7, Sch. 1

PART I Individual Accounts

Chapter II Accounting Principles and Rules

Section A Accounting Principles

Departure from accounting principles

19AValuation

1

The amounts to be included in respect of assets of any description mentioned in paragraph 22 (valuation of assets: general) are determined either–

a

in accordance with that paragraph and paragraph 24 (but subject to paragraphs 27 to 29); or

b

so far as applicable to an asset of that description, in accordance with section BA (valuation at fair value).

2

The amounts to be included in respect of assets of any description mentioned in paragraph 23 (alternative valuation of fixed-income securities) may be determined–

a

in accordance with that paragraph (but subject to paragraphs 27 to 29); or

b

so far as applicable to an asset of that description, in accordance with section BA.

3

The amounts to be included in respect of assets which–

a

are not assets of a description mentioned in paragraph 22 or 23, but

b

are assets of a description to which section BA is applicable,

may be determined in accordance with that section.

4

Subject to sub-paragraphs (1) to (3), the amounts to be included in respect of all items shown in a company’s accounts are determined in accordance with section C.