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The Building Societies (Accounts and Related Provisions) Regulations 1987

S.I. 1987/2072 · Made 24 November 1987

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

BUILDING SOCIETIES

Made 24th November 1987

Laid before Parliament 7th December 1987

Coming into force 31st December 1987

The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred on it by sections 73, 74(3) and (6), 75(1) and 76(3) of the Building Societies Act 1986f1, and of all other powers enabling it in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1986 c. 53.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Annual accounts
  4. 4Group accounts—supplementary provisions
  5. 5Notes to annual accounts
  6. 6Accounting principles and rules
  7. 7Directors' report
  8. 8Annual business statement
  9. 9Summary financial statement
  10. 10Interpretation of Schedules
  11. 11Transitional provisions
  12. Signature
  13. Schedule 1
  14. Part I: format of society income and expenditure account
  15. 1Paragraph 1
  16. 2Paragraph 2
  17. 3Paragraph 3
  18. 4Paragraph 4
  19. 5Paragraph 5
  20. 6Paragraph 6
  21. 7Paragraph 7
  22. 8Paragraph 8
  23. 9Paragraph 9
  24. 10Paragraph 10
  25. 11Paragraph 11
  26. 12Paragraph 12
  27. 13Paragraph 13
  28. 14Paragraph 14
  29. 15Paragraph 15
  30. 16Paragraph 16
  31. 17Paragraph 17
  32. 18Paragraph 18
  33. Part II: format of consolidated income and expenditure account
  34. 1Paragraph 1
  35. 2Paragraph 2
  36. 3Paragraph 3
  37. 4Paragraph 4
  38. 5Paragraph 5
  39. 6Paragraph 6
  40. 7Paragraph 7
  41. 8Paragraph 8
  42. 9Paragraph 9
  43. 10Paragraph 10
  44. 11Paragraph 11
  45. 12Paragraph 12
  46. 13Paragraph 13
  47. 14Paragraph 14
  48. 15Paragraph 15
  49. 16Paragraph 16
  50. 17Paragraph 17
  51. 18Paragraph 18
  52. 19Paragraph 19
  53. 20Paragraph 20
  54. Part III: provisions applicable to parts i and ii
  55. 1Paragraph 1
  56. 2Paragraph 2
  57. 3Paragraph 3
  58. 4Paragraph 4
  59. 5Paragraph 5
  60. Schedule 2
  61. Iformat of society balance sheet
  62. 1ASSETS
  63. 2Commercial Assets
  64. 3Commercial Assets
  65. 4Commercial Assets
  66. 5Commercial Assets
  67. 6Commercial Assets
  68. 7Commercial Assets
  69. 8Shares and Deposits
  70. 9Shares and Deposits
  71. 10Shares and Deposits
  72. 11Shares and Deposits
  73. 12Shares and Deposits
  74. 13Shares and Deposits
  75. 14Reserves
  76. 15Reserves
  77. 16Reserves
  78. 17Reserves
  79. 18Reserves
  80. IIformat of consolidated balance sheet
  81. 1ASSETS
  82. 2Commercial Assets
  83. 3Commercial Assets
  84. 4Commercial Assets
  85. 5Commercial Assets
  86. 6Commercial Assets
  87. 7Commercial Assets
  88. 8Commercial Assets
  89. 9Shares and Deposits
  90. 10Shares and Deposits
  91. 11Shares and Deposits
  92. 12Shares and Deposits
  93. 13Shares and Deposits
  94. 14Shares and Deposits
  95. 15Reserves
  96. 16Reserves
  97. 17Reserves
  98. 18Reserves
  99. 19Reserves
  100. 20Reserves
  101. Part III: provisions applicable to parts i and ii
  102. 1Paragraph 1
  103. 2Paragraph 2
  104. 3Paragraph 3
  105. 4Paragraph 4
  106. 5Paragraph 5
  107. 6Paragraph 6
  108. 7Paragraph 7
  109. 8Paragraph 8
  110. 9Paragraph 9
  111. 10Paragraph 10
  112. 11Paragraph 11
  113. 12Paragraph 12
  114. Schedule 3
  115. Iformat of society statement of the source and application of funds
  116. 1Source of Funds
  117. 2Source of Funds
  118. 3Source of Funds
  119. 4Source of Funds
  120. 5Source of Funds
  121. 6Source of Funds
  122. 7Application of Funds
  123. 8Application of Funds
  124. 9Application of Funds
  125. 10Application of Funds
  126. 11Application of Funds
  127. 12Source of Funds
  128. 13Source of Funds
  129. 14Source of Funds
  130. 15Source of Funds
  131. 16Source of Funds
  132. 17Application of Funds
  133. 18Application of Funds
  134. IIformat of consolidated statement of the source and application of funds
  135. 1Source of Funds
  136. 2Source of Funds
  137. 3Source of Funds
  138. 4Source of Funds
  139. 5Source of Funds
  140. 6Source of Funds
  141. 7Application of Funds
  142. 8Application of Funds
  143. 9Application of Funds
  144. 10Application of Funds
  145. 11Application of Funds
  146. 12Application of Funds
  147. 13Source of Funds
  148. 14Source of Funds
  149. 15Source of Funds
  150. 16Source of Funds
  151. 17Source of Funds
  152. 18Application of Funds
  153. 19Application of Funds
  154. 20Application of Funds
  155. Part III: provisions applicable to parts i and ii
  156. 1Paragraph 1
  157. 2Paragraph 2
  158. 3Paragraph 3
  159. 4Paragraph 4
  160. 5Paragraph 5
  161. 6Paragraph 6
  162. Schedule 4: NOTES TO ANNUAL ACCOUNTS
  163. 1Accounting policies
  164. 2Employees
  165. 3Higher paid employees' emoluments
  166. 4Directors' emoluments
  167. 5Other income and expenditure items
  168. 6Taxation
  169. 7Miscellaneous matters
  170. 8Liquid assets
  171. 9Provision for losses
  172. 10Investment in associated bodies
  173. 11Fixed assets
  174. 12Other assets
  175. 13Retail funds and deposits
  176. 14Non-retail funds and deposits
  177. 15Deferred shares
  178. 16Other liabilities
  179. 17Provisions and reserves
  180. 18Subordinated liabilities
  181. 19Guarantees and other financial commitments
  182. 20Other miscellaneous matters
  183. 21Directors' loans and transactions
  184. Schedule 5: ACCOUNTING PRINCIPLES AND RULES
  185. Part I: accounting principles
  186. 1Paragraph 1
  187. 2Paragraph 2
  188. 3Paragraph 3
  189. 4Paragraph 4
  190. 5Paragraph 5
  191. 6Paragraph 6
  192. Part II: departure from accounting principles
  193. 7Paragraph 7
  194. Part III: fixed assets
  195. 8Paragraph 8
  196. 9Paragraph 9
  197. 10Paragraph 10
  198. 11Paragraph 11
  199. 12Paragraph 12
  200. Part IV: accounting rules
  201. 13Paragraph 13
  202. 14Paragraph 14
  203. 15Paragraph 15
  204. 16Paragraph 16
  205. 17Paragraph 17
  206. 18Paragraph 18
  207. 19Paragraph 19
  208. 20Paragraph 20
  209. Schedule 6: DIRECTORS' REPORT
  210. 1Paragraph 1
  211. 2Paragraph 2
  212. 3Paragraph 3
  213. 4Paragraph 4
  214. 5Paragraph 5
  215. 6Paragraph 6
  216. 7Paragraph 7
  217. 8Paragraph 8
  218. Schedule 7: ANNUAL BUSINESS STATEMENT
  219. 1Statutory ratios and percentages
  220. 2Other percentages
  221. 3Information relating to directors and other officers
  222. 4Average rates
  223. 5Associated bodies not carrying on business
  224. 6Information about new activities
  225. Schedule 8: SUMMARY FINANCIAL STATEMENT
  226. Part I: format of summary financial statement
  227. SECTION Aprescribed form of statement for the purposes of section 76(4) of the act
  228. format of summary directors' report
  229. 1Paragraph 1
  230. 2Paragraph 2
  231. 3Paragraph 3
  232. SECTION Cformat of summary statement
  233. SECTION DFORMAT OF SUMMARY OF KEY FINANCIAL RATIOS
  234. Part II: PROVISIONS APPLICABLE TO PART I
  235. 1Paragraph 1
  236. 2Paragraph 2
  237. 3Paragraph 3
  238. 4Paragraph 4
  239. 5Paragraph 5
  240. 6Paragraph 6
  241. 7Paragraph 7
  242. 8Paragraph 8
  243. Schedule 9: INTERPRETATION OF SCHEDULES
  244. 1Paragraph 1
  245. 2Associated companies and bodies
  246. 3Balance sheet date
  247. 4Leases
  248. 5Listed investments
  249. 6Materiality
  250. 7Provisions
  251. 8Purchase price
  252. 9Scots land tenure
  253. 10Staff costs
  254. 11Capital
  255. 12Amounts repayable
  256. 13Other definitions
  257. Explanatory note