# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 11: Capital


(1) “Gross capital” means total reserves as shown in the balance sheet plus any subordinated liabilities as shown in the balance sheet.
(2) “Free capital” means the aggregate of gross capital and general loss provisions less fixed assets.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/9/paragraph/11 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-9/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.