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.