In Section B of Part 2 of Schedule 1 (historical cost accounting rules: non-IAS individual accounts) -

(a) for paragraph 19(3) (provision for diminution in value of a fixed asset) substitute -

"(3) Provisions made under sub-paragraph (1) or (2) must be charged to the profit and loss account and disclosed separately in a note to the accounts if not shown separately in the profit and loss account.";

(b) in paragraph 20 (cessation of reasons for inclusion of provision about diminution in value) -

(i) after sub-paragraph (1) insert -

"(1A) But provision made in accordance with paragraph 19(2) in respect of goodwill must not be written back to any extent."; and

(ii) for sub-paragraph (2) substitute -

"(2) Any amounts written back under sub-paragraph (1) must be recognised in the profit and loss account and disclosed separately in a note to the accounts if not shown separately in the profit and loss account.";

(c) for paragraphs 21 (development costs) and 22 (goodwill) substitute -

"21. Intangible Assets