balance sheet reconciliations, fixed assets and variance analysis.
balance sheet values for these stock and fixed assets held by industry are essentially complete and correct.
codifyFRS codifies existing practice and aims to improve the consistency in the accounting treatment of tangible fixed assets.
depreciation of head office assets calculated for the year has been charged to the fixed assets fund.
The resultant write-down of fixed assets and stocks has been included in operating costs but has been treated as exceptional.