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PART 6 U.K.Reports on overheads and forward planning etc

Strategic industry capacity report: forecast costs of maintaining industrial capacity U.K.

43.—(1) The information described in each paragraph of this regulation may be expressed either—

(a) for each of the sites described under regulation 42(1)(b), or

(b) for each QBU,

and is only required for those sites or QBUs (as the case may be).

(2) The strategic industry capacity report must contain—

(a) a description of forecast costs for the five years following the last day of the designated person's accounting period, and a description of any anticipated changes in accounting policies or business practices that could have a significant effect on those costs;

(b) a description of forecast labour requirements for those five years;

(c) if cost recovery rates are used for any QBUs, an estimate of what those rates are likely to be for each such QBU over those five years;

(d) a description of any policy—

(i) to employ apprentices or recent graduates,

(ii) to provide staff bonuses,

(iii) for training and development of personnel,

and the approximate cost of that policy;

(e) an explanation of the reasons for any material changes in the cost of maintaining industrial capacity; and

(f) a description of any likely event or change in circumstances relating to qualifying defence contracts, qualifying sub-contracts or other defence contracts which could have a material effect on the ability of the designated person to maintain its industrial capacity.

(3) The information required by paragraph (2) must be presented in the following categories—

(a) qualifying defence contracts or qualifying sub-contracts;

(b) other defence contracts;

(c) all other contracts.