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Company Legislation

Volume 178: debated on Wednesday 24 October 1990

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To ask the Secretary of State for Trade and Industry whether he will seek to introduce legislation to require companies to show market value of their stocks.

No. There is already a similar legislative requirement. Paragraph 27 of schedule 4 to the Companies Act 1985 requires companies to disclose in their annual accounts the amount of any material difference between the amount at which stock is stated in the balance sheet and its replacement cost, or its most recent actual purchase price if more appropriate.