SCHEDULES

SCHEDULE 10Amendment of enactments that operate by reference to accounting practice

Part 2Derivative contracts

Miscellaneous

65

In paragraph 49(4) of that Schedule (partnerships involving companies: provisions for determining credits and debits for company partner), for paragraph (c) substitute—

c

to the extent that any exchange gains or losses arising from the contract are recognised in the firm’s statement of recognised gains and losses or statement of changes in equity, the exchange gains or losses shall to that extent be treated as if they had been recognised in the corresponding statement of the company partner,