(1) In this section, 'ratio of equity over total assets' means the following fraction expressed as a percentage:
E/A
where -
E is the equity, including share capital, share premium and reserves of a relevant entity, worldwide group or single company worldwide group, and
A is the total assets, of a relevant entity, worldwide group or single company worldwide group,
in each case, as disclosed in the financial statements of the relevant entity, worldwide group or single company worldwide group, as the case may be, which are prepared under generally accepted accounting practice or an alternative body of accounting standards.
(1A) The ratio of equity over total assets for a relevant entity for an accounting period shall be calculated on the basis of financial statements that are prepared in accordance with -
(a) the same body of accounting standards, and
(b) the same accounting policies,
that apply to the ultimate consolidated financial statements of the worldwide group of which the relevan
…