Regulation 4A Accounts in euroF1
(1)
The amounts set out in the annual accounts of a society may also be shown in the same accounts translated into euro.
(2)
Where amounts are shown in euro—
(a)
the amounts must have been translated at the exchange rate prevailing on the balance sheet date, and
(b)
that rate must be disclosed in the notes to the accounts.
Annotations
Textual amendments
- F1
Reg. 4A inserted (31.12.2004 with application in accordance with reg. 1(2) of the amending S.I.) by The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 2004 (S.I. 2004/3199), regs. 1(1), 3