Paragraph 20 Other miscellaneous matters

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.4, para 3 revoked by Building Societies (Accounts and Related Provisions) 1991
Sch.4, para 4(19) added by Building Societies (Accounts and Related Provisions) 1991
Sch.4, paras 5(2), 6(1) amended by Building Societies (Accounts and Related Provisions) 1991
Sch.4, para 17(4) added by Building Societies (Accounts and Related Provisions) 1991

(1)

Subject to the following subparagraph, in respect of every item stated in a note to the annual accounts the corresponding amount for the financial year immediately preceding that to which the accounts relate shall also be stated and where it is not reasonable to compare the corresponding amount, it shall be adjusted and particulars of the adjustment and the reasons for it shall be given.

(2)

Subparagraph (1) above does not apply in relation to any amounts stated by virtue of any of the following provisions of this Schedule:

(a)

paragraph 9;

(b)

paragraph 11(1) to (4);

(c)

paragraph 17(1) and (2); and

(d)

paragraph 21.

(3)

Where the notes to the annual accounts set out the remaining maturity of a liability or an asset comprising an advance or loan and that advance or loan involves payment by instalments, the period between the balance sheet date and the date on which each instalment falls due shall be treated as the remaining maturity in respect of each instalment.