The Companies Act 1985 (Insurance Companies Accounts) Regulations 1993 No. 3246

SCHEDULE 1 Form and Content of Accounts of Insurance Companies and Groups

PART I Individual Accounts

Chapter iii Notes to the Accounts

General

Sums denominated in foreign currencies

57.  Where any sums originally denominated in foreign currencies have been brought into account under any items shown in the balance sheet or profit and loss account format, the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up) shall be stated.