Paragraph 76A F1
(1)
Liabilities under derivative contracts are never “long term” (and are therefore always short term).
(2)
In this paragraph “derivative contract” has the meaning given by international accounting standards.
Annotations
Textual amendments
- F1
Sch. 19 para. 76A inserted (with effect in accordance with Sch. 26 para. 11(4) of the amending Act) by Finance Act 2014 (c. 26), Sch. 26 para. 11(1) (with Sch. 26 para. 13)