Notes on the profit and loss account formatsU.K.
Cost of sales: distribution costs: administrative expenses
(Format 1, items 2, 4 and 5.)
These items must be stated after taking into account any necessary provisions for depreciation or diminution in value of assets.
Income from other fixed asset investments: other interest receivable and similar income
(Format 1, items 9 and 10; Format 2, items 11 and 12.)
Income and interest derived from group undertakings must be shown separately from income and interest derived from other sources. Interest receivable from members must not be included under this item.
Interest payable and similar [F1expenses]
(Format 1, item 12; Format 2, item 14.)
The amount payable to group undertakings must be shown separately. Interest payable to members must not be included under this item.
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 35(f)(i)
F2Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 35(f)(ii)