Paragraph 26 Assets included at a fixed amountI1
United Kingdom
(1)
Subject to the following sub-paragraph, assets which fall to be included under Assets item F.I. (tangible assets) in the balance sheet format may be included at a fixed quantity and value.
(2)
Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where:
(a)
their overall value is not material to assessing the society’s state of affairs; and
(b)
their quantity, value and composition are not subject to material variation.
Annotations
Commencement
- I1
Sch. 6 para. 26 in force at 1.9.1994, see reg. 1