Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 273:

In page 1027, lines 13 to 15 to delete all words from and including “debentures;” in line 13 down to and including “shares.” in line 15 and substitute the following:

“debentures; and

(c) costs of research.”.

The purpose of this amendment is to delete an incorrect reference to "own shares or treasury shares" from the balance sheet. This is because they shall be treated as assets in the balance sheet of a company in accordance with the application of accounting standards. The proposed amendment purports to provide greater consistency with the amendment proposed in section 321.

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