# The Building Societies (Accounts and Related Provisions) Regulations 1998, Paragraph 28

Extent: E+W+S+N.I.

(1) Intangible fixed assets, other than goodwill, may be included at their current cost.
(2) Tangible fixed assets may be included at a market value determined as at the date of their last valuation or at their current cost.
(3) Investments of any description falling to be included under Asset items C.2 and 3 in Parts I and II of Schedule 2 and under Asset item C.4 in Part II of Schedule 2, and all other securities held as financial fixed assets may be included either—
(a) at a market value determined as at the date of their last valuation, or
(b) at a value determined on any basis which appears to the directors to be appropriate in the circumstances of the society,
but in the latter case particulars of the method of valuation adopted and of the reasons for adopting it shall be disclosed in a note to the accounts.
(4) Investments of any description not held as financial fixed assets (if not valued in accordance with paragraph 16) may be included at their current cost.

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Source: https://www.legislation.gov.uk/uksi/1998/504/schedule/7/paragraph/28 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1998/schedule-7/paragraph-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.