OpenLegislation

Paragraph 8

Original text. Later amendments are not shown.

(a)

Asset item 5 in Part I and Asset item 6 in Part II of this Schedule shall comprise—

(i)

development costs,

(ii)

concessions, patents, licences, trade marks and similar rights and assets,

(iii)

goodwill, and

(iv)

payments on account relating to intangible fixed assets.

(b)

Amounts shall be included in respect of the assets mentioned in subparagraph (a)(ii) only if they were acquired for valuable consideration or if they were created by the society or by a subsidiary undertaking.

(c)

Amounts representing goodwill shall be included only to the extent that the goodwill was acquired for valuable consideration.

(d)

There shall be disclosed, in a note to the accounts the amount of any goodwill included in Asset item 5 in Part I and Asset item 6 of Part II of this Schedule.