Paragraph 41 Other miscellaneous matters

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

Sch.5, para 5(3)(e) rev. in Pt. by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(i)
Sch.5, para 12A added by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(ii)
Sch.5, para 13 amended by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(iii)
Sch.5, para 15(4) replaced (by paras (4)(4A)) by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(iv)
Sch.5, para 15 A added by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(v)

(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) does not apply in relation to any amounts stated by virtue of any of the following provisions—

(a)

paragraphs 20, 24(1) to (4)(b), 29(1) and (2) and 42 of this Schedule,

(b)

paragraph 10 of Schedule 4, and

(c)

paragraphs 2, 7(3), 11, 15(4) and (5), 17(3) and (4) and 20(3) and (4) of Schedule 6.

(3)

Particulars shall be given of any case where the cost of any asset is for the first time determined under paragraph 25 of Schedule 7.