SCHEDULE 2BANKING COMPANIES: COMPANIES ACT INDIVIDUAL ACCOUNTS
PART 3NOTES TO THE ACCOUNTS
Information supplementing the balance sheet
68
1
This paragraph applies if—
a
the company has financial fixed assets that could be included at fair value by virtue of paragraph 44,
b
the amount at which those items are included under any item in the company's accounts is in excess of their fair value, and
c
the company has not made provision for diminution in value of those assets in accordance with paragraph 25(1) in Part 2 of this Schedule.
2
There must be stated—
a
the amount at which either the individual assets or appropriate groupings of those individual assets are included in the company's accounts,
b
the fair value of those assets or groupings, and
c
the reasons for not making a provision for diminution in value of those assets, including the nature of the evidence that provides the basis for the belief that the amount at which they are stated in the accounts will be recovered.