# The Scottish Water (Rate of Return) (Scotland) Order 2002, Article 3: Value of net assets


The value of Scottish Water’s average net assets for the financial year beginning with 1st April 2002 shall, for the purposes of section 41 of the Act, be the aggregate of–
(a) the deemed value of its capital at the beginning of that year (as shown in the statement of accounts prepared by Scottish Water under section 45 of the Act); and
(b) the average level of investment by Scottish Water in net operating assets during that year.

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Source: https://www.legislation.gov.uk/ssi/2002/165/article/3 (the official version)
Page: https://openlegislation.uk/scottish-water-rate-of-return-scotland-order-2002/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.