SCHEDULES

SCHEDULE 10Recovery of OFCOM’s initial costs

I1I26Calculation of the recoverable amount

For the purposes of a statement by OFCOM under paragraph 3, the “recoverable amount” is given by the formula—

C-(F-R)-Dmath

where—

  • C is the total amount of OFCOM’s initial costs,

  • F is the aggregate amount of the additional fees received by OFCOM at the time of the statement in question,

  • R is the aggregate amount of the additional fees received by OFCOM that at the time of the statement in question have been, or are due to be, refunded (see paragraph 5(2)), and

  • D is the amount specified in a determination made by the Secretary of State under paragraph 3 (see paragraph 3(5)) at a time before the statement in question or, where more than one such determination has been made, the sum of the amounts specified in those determinations.