The Building Societies (Accounts and Related Provisions) Regulations 1992 No. 359

SCHEDULE 10 SUMMARY FINANCIAL STATEMENT

PART I FORMAT OF SUMMARY FINANCIAL STATEMENT

SECTION A PRESCRIBED FORM OF STATEMENT FOR THE PURPOSES OF SECTION 76(4) OF THE ACT

1.  his summary financial statement is only a summary of information in the annual accounts, directors' report and annual business statement.

2.  In so far as this summary financial statement summarises the information in the annual accounts, that information has been audited.

3.  The annual accounts, directors' report and annual business statement will be available to members and depositors on demand at every office of ... ... ... ... [NOTE 1] from/after [NOTE 2] ... ... ... ... [NOTE 3]. NOTE 1 : Insert name of society. NOTE 2 : Delete as appropriate. NOTE 3 : Insert appropriate date.

SECTION B FORMAT OF SUMMARY DIRECTORS' REPORT

1.  Summary review of the business.

2.  Summary review of events.

3.  Summary indication of likely developments.

SECTION C FORMAT OF SUMMARY STATEMENT

RESULTS FOR THE YEAR	THIS YEAR	LAST YEAR
	£	£
NOTE 1 : Delete as appropriate NOTE 2 : Add “and loans” where required for consistency with balance sheet. NOTE 3 : “(including revaluation reserve)” may be deleted where appropriate, or the heading may be replaced by “Revaluation reserve” where the balance sheet in the annual accounts contains no other category of “Other capital”.
1. Profit/Loss [NOTE 1] for the year after taxation
FINANCIAL POSITION AT END OF YEAR
Assets
2. Liquid assets
3. Mortgages
4. Other commercial assets
5. Fixed and other assets
Liabilities
6. Shares
7. Deposits [NOTE 2]
8. Other liabilities
9. Reserves
10. Other capital (including revaluation reserve) [NOTE 3]

SECTION D FORMAT OF SUMMARY OF KEY FINANCIAL RATIOS

	THIS YEAR	LAST YEAR
	%	%
NOTE 1 : For “share and deposit” substitute “share, deposit and loan” where required for consistency with balance sheet. NOTE 2 : Delete as appropriate.
1. As percentage of share and deposit [NOTE 1] liabilities— (a) Gross capital (b) Free capital
2.  As percentage of total assets— Liquid assets
3. As percentage of average reserves— (a) Profit/Loss [NOTE 2] for the year before extraordinary items (b) Profit/Loss [NOTE 2] for the year
4. As percentage of average total assets— (a) Profit/Loss [NOTE 2] for the year before extraordinary items (b) Profit/Loss [NOTE 2] for the year