Paragraph 6 I1

United Kingdom

(a)

Asset item D in each of Parts I and II 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 sub-paragraph (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 D in each of Parts I and II.

Annotations

Commencement

I1: Sch. 2 Pt. III para. 6 in force at 27.3.1998, see reg. 1