190‑25 The effect of transitional accoun190‑25 The effect of transitional accounting periods on uplift factors

#### 190‑25 The effect of transitional accounting periods on uplift factors For the purpose of working out an \*allowance component or a \*base value for an \*MRRT year immediately following a transitional accounting period, a component of a formula for working out the allowance component or base value that is an uplift factor is taken to be:  where: > initial uplift factor is what the uplift factor would be apart from this section. > n is the number of days in the transitional accounting period, divided by 365. > Note: There are uplift factors for the following: (a) royalty credits (section 60‑25); (b) pre‑mining losses (section 70‑50); (c) mining losses (section 75‑20); (d) starting base losses (section 80‑45); (e) base values for starting base assets under the book value approach (section 90‑30).