# The Driver and Vehicle Licensing Agency Trading Fund Order 2004, Article 5: Assets, liabilities, reserves and public dividend capital


(1) The Crown assets and liabilities set out in Schedule 2 shall be appropriated as assets and liabilities of the fund.
(2) The sum of £4,775,000, being part of the amount by which the values of those assets exceeds the amount of those liabilities, shall be treated as a revaluation reserve in the accounts of the fund, and the reserve so created shall be maintained as a revaluation reserve.
(3) The sum of £20,748,000, being part of the amount by which the values of those assets exceeds the amount of those liabilities, shall be treated as government grant reserve in the accounts of the fund, and the reserve so treated shall be maintained as a government grant reserve.
(4) The sum of £18,002,000, being part of the amount by which the value of those assets exceeds the amount of those liabilities shall be treated as public dividend capital.

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Source: https://www.legislation.gov.uk/ukdsi/2004/0110487478/article/5 (the official version)
Page: https://openlegislation.uk/draft-driver-and-vehicle-licensing-agency-trading-fund-order-2004/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.