14(1)  For the purposes of this Schedule, “assets”, “equity” and “liabilities” have the same meanings as they have for the purposes of international accounting standards.

14(2)  Sub-paragraph (1) is without prejudice to any provision of this Schedule which requires anything to be determined by reference to amounts which are recognised, or amounts which would have been recognised, in consolidated financial statements or financial statements prepared under UK GAAP.

Prospective amendments

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