12Classes of assets, liabilities etc

## 12 Classes of assets, liabilities etc (1) For the purposes of this Schedule, the assets, liabilities, share capital and reserves of a corporation, or economic entity, and the provisions made by a corporation or by a economic entity, must each be divided into classes, according to its nature and function in the business of the corporation or economic entity. (2) In relation to a subheading in a balance sheet forming part of the accounts or the consolidated accounts, the accounts or consolidated accounts must include a note of each of the classes included in determining the total amount given in the subheading. (3) Without limiting the classes that may be included in a note in accordance with subclause (2), those classes must include the classes which, in accordance with clause 13, relate to that subheading. (4) A note required by this Subdivision or by Subdivision B must specify particulars and the total amount of each class to which it relates.