SCHEDULES

SCHEDULE 9

PART IINDIVIDUAL ACCOUNTS

Special Rules

Sale and option to resell transactions14

1

The following rules apply where a company is a party to a sale and option to resell transaction.

2

Where the company is the transferor of the assets under the transaction it shall not include in its balance sheet the assets transferred but it shall enter under Memorandum item 2 an amount equal to the price agreed in the event of repurchase.

3

Where the company is the transferee of the assets under the transaction it shall include those assets in its balance sheet.