17Subdivision of certain classes of assets and liabilities

## 17 Subdivision of certain classes of assets and liabilities (1) If: (a) a class of assets of a corporation comprising non-current assets, inventories or investments (other than investments listed on a specified stock exchange that have been recorded in the books of the corporation at market value) is required to be included in a note to a balance sheet referred to in subclause 12 (2); and (b) part of that class (in this subclause referred to as the designated part) is valued otherwise than at the cost of manufacture, production or other acquisition; the particulars of that class required for the purposes of subclause 12 (4) include: (c) a summary description of the designated part, including in the case of non-current assets or investments: (i) the year of their valuation; (ii) the basis of the valuation; (iii) whether the valuation was a director’s valuation or an independent valuation; (iv) if that balance sheet is the first balance sheet in which reference is made to a valuation referred to in subparagraph (iii) — the name of the person who made that valuation; and (d) a summary description of the remainder of the class; and (e) the total of the designated part and the remainder of the class; and (f) if the total amount of a provision relating to those assets and the total amount of the residue must be included in that note because of clause 14 — each of those amounts must be apportioned so as to state the amount that is attributable to the designated part and the amount that is attributable to the remainder of the class. (2) If: (a) a class comprising liabilities is required to be included in a note referred to in subclause 12 (2); and (b) part of that class comprises liabilities secured by a charge; the particulars of that class required for the purposes of subclause 12 (4) include: (c) a summary of the nature of the security; and (d) the total amount of the liabilities secured by the charge. (3) If: (a) a class of assets comprising investments is required to be included in a note referred to in subclause 12 (2); and (b) part of that class comprises investments listed on a specified stock exchange; the particulars of that class required for the purposes of subclause 12 (4) include: (c) a summary description of the investments so listed; and (d) the market value of the investments so listed worked out on the official quotation on the stock market of that exchange. (4) If a class comprising: (a) bills of exchange due and receivable by a corporation is required to be included in a note referred to in subclause 12 (2) and part of that class comprises bills accepted or endorsed by a bank; or (b) interest paid or payable by a corporation is required to be included in a note referred to in subclause 12 (2) and part of that class comprises interest capitalised; or (c) a provision for income tax is required to be included in a note referred to in subclause 12 (2) and part of that class comprises a provision for future liability; or (d) assets is required to be included in a note referred to in subclause 12 (2) and part of that class comprises capitalised lease assets; the particulars of that class required for the purposes of subclause 12 (4) include: (e) a summary description of that part; and (f) the total amount of that part.