- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4. The second calculation is—
where—
I is the amount found by the first calculation in paragraph 2 above;
J is the aggregate of—
the book value of so much of the item in the final accounts which relates to debts owed by the relevant authority as is attributable to debts the liability for which has been transferred to the participant authority; and
so much of the item in those accounts relating to receipts in advance as, in the designated authority’s opinion, is attributable to the participant authority;
K is an amount in respect of relevant capital receipts determined in accordance with paragraph 5 below;
L is the amount which is the aggregate of—
the net book value of so much of the item in the final accounts which relates to stocks as is attributable to property which has been transferred to the participant authority; and
so much of the item in those accounts relating to payments in advance as, in the designated authority’s opinion, is attributable to the participant authority;
M is the net book value of so much of the item in the final accounts which relates to debts owed to the relevant authority as is attributable to debts the right to which has been transferred to the participant authority.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: