9Profit and loss account — basic notes

## 9 Profit and loss account — basic notes (1) The accounts, or the consolidated accounts, must include a note of: (a) each of the following items credited as revenue in determining operating profit or loss: (i) dividends; (ii) interest; (iii) material profits arising from the sale of non-current assets; (iv) material increases arising from the revaluation of non‑current assets; (v) material transfers from provisions; (vi) abnormal items; and (b) each of the following items charged as expense in determining operating profit or loss: (i) interest; (ii) bad and doubtful debts in each class of debts; (iii) material losses arising from the sale of non-current assets; (iv) material decreases arising from the revaluation of non‑current assets; (v) amount charged for depreciation, amortisation or diminution in value, as the case may be, of each of the following classes of assets: (A) investments; (B) inventories; (C) property, plant and equipment; (D) intangibles; (E) any other assets; as given in the balance sheet forming part of those accounts; (vi) material transfers to provisions other than provisions referred to in subparagraph (v); (vii) abnormal items; and (d) each material extraordinary item included in determining the profit or loss. (2) A note referred to in subclause (1) must specify: (a) particulars, and the total amount, of each of the items, to which it relates; and (b) in the case of the item referred to in subparagraph (1) (b) (v) — particulars, and the total amount, of each class of assets so affected.