Paragraph 2 Other percentages
Subject to the following provisions of this paragraph, the annual business statement of a society shall state the following particulars in respect of the society both in relation to the financial year with which it deals and in relation to the previous financial year:
as a percentage of the share and deposit liabilities as at the balance sheet date—
the gross capital as at that date, and
the free capital as at that date;
the liquid assets as at the balance sheet date as a percentage of the total assets as at that date;
the profit or loss after taxation as a percentage of—
the mean reserves, and
the mean total assets; and
(except where there is no extraordinary profit or loss shown in the income and expenditure account in relation to either of those financial years) the ordinary profit or loss after taxation as a percentage of—
the mean reserves, and
the mean total assets.
Where the society is a group accounts society, the particulars required to be stated by paragraph (1) above in respect of the society shall be stated in respect of the society and its relevant subsidiaries, but this subparagraph shall not be taken to prohibit the stating in addition by a society of those particulars in respect of the society alone.
Any matter required by subparagraph (1) above to be stated as a particular in, or to be used as a factor in calculating a particular required by this Regulation to be stated in, the annual business statement and which relates to a previous financial year is required to be so stated or used for purposes of assisting the assessment of the corresponding particular for the financial year with which the annual business statement deals and accordingly shall, where it can be derived from an amount in annual accounts adjusted in accordance with Regulation 3(7)(b) above, be derived from that amount as so adjusted.
The annual business statment shall include an explanation of what is represented by each of the particulars referred to in subparagraph (1) above and, where subparagraph (2) above applies, a statement of the basis on which particulars are stated by virtue of that subparagraph.
Subject to subparagraph (3) above, in this paragraph—
“share and deposit liabilities” means the aggregate of liabilities in the balance sheet representing retail and non-retail funds and deposits;
“liquid assets” and “total assets” shall be taken from the items so named in the balance sheet;
“the profit or loss after taxation” shall be taken from item 18 in Part I (or, as the case may be, item 20 in Part II) of Schedule 1 above;
“the ordinary profit or loss after taxation” shall be taken from item 12 in Part I (or, as the case may be, item 14 in Part II) of Schedule 1 above;
“mean reserves” means, in respect of a financial year, the amount produced by halving Schedule 7
the aggregate of total reserves as stated in the balance sheet in respect of that and the previous financial year; and
“mean total assets” means, in respect of a financial year, the amount produced by halving the aggregate of total assets as stated in the balance sheet in respect of that and the previous financial year.