Paragraph 34 Other miscellaneous mattersI1

United Kingdom

(1)

Subject to the following sub-paragraph, 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)

Sub-paragraph (1) does not apply in relation to any amounts stated by virtue of any of the following provisions—

(a)

paragraphs 5(1), 7(1) and (2), 19, 21(1) to (4)(b), 22(1) and (2) and 35 of this Schedule,

(b)

paragraph 10 of Schedule 4, and

(c)

paragraphs 2, 6(3), 10, 12(4) and (5), 14(3) and (4) and 17(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.

Annotations

Commencement

I1: Sch. 5 para. 34 in force at 27.3.1998, see reg. 1