In financial firms revaluation reserves are required for regulatory reasons.

The effect of this change is to increase the group's revaluation reserves and the book value of freehold and long leasehold premises by £18.4m.

The resources designated are verified interim profit, internally audited interim profit, revaluation reserves and general provisions for bad debt.

Tier 2 capital, or supplementary capital, comprises undisclosed reserves, revaluation reserves, general provisions, hybrid instruments and subordinated term debt.

The increase would be added to a revaluation reserve.

In financial firms revaluation reserves are required for regulatory reasons.

The investment property revaluation reserve should be displayed prominently in the financial statements.

The revaluation reserve arises from the revaluation of land and buildings.

Disclose the treatment for taxation purposes of amounts debited or credited to the revaluation reserve.

A revaluation reserve is a reserve created when a company has an asset revalued and an increase in value is brought to account.

Revaluation Reserve is treated as a Capital Reserve.

The effect of this change is to increase the group's revaluation reserves and the book value of freehold and long leasehold premises by £18.4m.

Changes in the values of net operating assets are reflected in a current cost reserve (revaluation reserve) in the balance sheet.

The resources designated are verified interim profit, internally audited interim profit, revaluation reserves and general provisions for bad debt.

Of this, 55% will be debited to the consolidated revaluation reserve and 45% of it will be debited to the minority interests.

The revaluation reserve shall only be reduced to the extent that the amounts transferred from it are no longer necessary for the purposes of the valuation method used.

The investment property was valued at open market value during the year by the directors, resulting in a surplus of £4,000 which has been credited to the revaluation reserve.

When any asset is sold that has previously been revalued, the revaluation within the carrying value is debited to the Revaluation Reserve.

Tier 2 capital, or supplementary capital, comprises undisclosed reserves, revaluation reserves, general provisions, hybrid instruments and subordinated term debt.

The 1991 accounts stated that additional depreciation arising as a result of assets revaluations was charged directly to the revaluation reserve, contrary to SSAP 12.

In August 1992, Clerkenwell Ltd revalued certain of its recently-acquired freehold properties and debited a deficit of £240,000 to its revaluation reserve.

The increase in depreciation arising out of revaluation of fixed assets is debited to revaluation reserve and the normal depreciation to Profit and Loss account.

The revaluation resulted in a £68m write-down of wholly-owned properties and a £34.7m write-down of property associates', both written off directly against a revaluation reserve of only £84m.

The increase in value of fixed assets because of revaluation of fixed assets is credited to 'Revaluation Reserve', and is not available for distribution as dividend.

While this added £5.5m to distributable reserves, Graseby also felt compelled to make a £2.9m provision against the land and buildings revaluation reserve, given the depressed state of the UK property market.

An amount may only be transferred from the revaluation reserve: to the profit and loss account, if the amount was previously charged to that account or represents realised profit, or for the issue of bonus shares.

For company law purposes, only realised profits can (in the absence of a capital reduction) be used to make distributions, so upward valuations of assets to create a revaluation reserve cannot be used to create a dividend-stripping opportunity.

The accounting policy favoured by Kerrington Developments, another BES assured tenancy company, is to value completed investment properties at the end of each year on an open market basis assuming vacant possession, and transferring the group's share of any resulting surplus or deficit to the revaluation reserve.