Capitalisation
1. "Capitalisation", in relation to work or costs, means treating that work or those costs as a fixed asset.
Financial instruments
2. Save in Schedule 2 to these Regulations, references to "derivatives" include commodity-based contracts that give either contracting party the right to settle in cash or in some other financial instrument, except where such contracts -
(a) were entered into for the purpose of, and continue to meet, the company’s expected purchase, sale or usage requirements,
(b) were designated for such purpose at their inception, and
(c) are expected to be settled by delivery of the commodity (for banking companies, see the definition in paragraph 94 of Schedule 2 to these Regulations).
(1) Save in Schedule 2 to these Regulations, the expressions listed in sub-paragraph (2) have the same meaning as they have in Directive 2013/34/EC of the European Parliament and of the Council of 26 June 2013 on the annual financial statements etc of cer
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