Assets: fixed or current
60. For the purposes of this Schedule, assets of a company shall be taken to be fixed assets if they are intended for use on a continuing basis in the company's activities, and any assets not intended for such use shall be taken to be current assets.
Balance sheet date
61. For the purposes of this Schedule, "balance sheet date", in relation to a balance sheet, means the date as at which the balance sheet was prepared.
Capitalisation
62. References in this Schedule to capitalising any work or costs are references to treating that work or those costs as a fixed asset.
Fellow subsidiary
63. References in this Schedule to 'fellow subsidiary undertakings' are to undertakings which are subsidiary undertakings of the same parent undertaking but are not parent undertakings or subsidiary undertakings of each other.
Group Undertaking
(1) For the purposes of this Schedule, "group undertaking" shall have the meaning assigned to it by Regulation 3 of the European C