Preliminary
1. Subject to paragraphs 12 to 21 of this Part, the amounts to be included in respect of all items shown in an undertaking's Companies Act individual accounts shall be determined in accordance with the rules set out in paragraphs 2 to 11 of this Part of the Schedule.
General rules
(1) Subject to any provision for depreciation or diminution in value made in accordance with paragraph 3 the amount to be included in respect of any asset shall be its purchase price or production cost.
(2) Where investments are shown as provided in sub-paragraph (1), their current value shall be disclosed on the balance sheet or in the notes to the accounts.
(1) In the case of any asset included under Assets item B, (intangible assets), CI (investments: land and buildings) or FI (tangible assets and stocks) in the balance sheet format (set out in Chapter 2 of Part 1 of this Schedule) which has a limited useful economic life, the amount of -
(a) its purchase price or production cost, or