distributable reserves
Under section 236 of the Companies Act 1985 distributable profit is the profit shown in the latest statutory accounts after deductions or adding any reserves or deficit carried forward from earlier years (and having taken out of account any unrealised capital profits on the revaluation of assets) out of which dividends may be paid.

Easyform Glossary of Law Terms. — UK law terms.


distributable reserves
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • distributable reserves — distributable profits …   Accounting dictionary

  • non-distributable reserves — In order to protect their creditors, companies are generally prohibited from distributing share capital and non distributable reserves to shareholders. Non distributable reserves include the share premium account and capital redemption reserve,… …   Law dictionary

  • distributable profit — ➔ profit1 * * * distributable profit UK US noun [C, usually plural] (also distributable reserve, also distributable surplus) ► ACCOUNTING, FINANCE the amount of a company’s profit that is available to pay dividends to shareholders in a p …   Financial and business terms

  • distributable profits — distributable reserves The profits of a company that are legally available for distribution as dividends. They consist of a company s accumulated realized profits after deducting all realized losses, except for any part of these net realized… …   Accounting dictionary

  • distributable profits — distributable reserves The profits of a company that are legally available for distribution as dividends They consist of a company s accumulated realized profits after deducting all realized losses, except for any part of these net realized… …   Big dictionary of business and management

  • distributable profits — distributions made by companies from profits available for the purpose (section 263, Companies Act 1985). Profits available for the purpose are accumulated realised profits less accumulated realised losses. Realised profits are, broadly, those… …   Law dictionary

  • distributable profit — Under section 236 of the Companies Act 1985 distributable profit is the profit shown in the latest statutory accounts after deducting or adding any reserves or deficit carried forward from earlier years (and having taken out of account any… …   Law dictionary

  • undistributable reserves — Reserves that may not be distributed according to the Companies Act (1985). They include share capital, share premium account, capital redemption reserve, certain unrealized profits, or any other reserve that the company may not distribute… …   Accounting dictionary

  • non-distributable reserve — UK US noun [C, usually plural] (also non distributable profit) ► FINANCE profit made by a company that is not available to pay as dividends to shareholders: »Included in the Profit and Loss Account of the company are non distributable reserves …   Financial and business terms

  • undistributable reserves — Reserves that may not be distributed according to the Companies Act (1985). They include share capital, share premium account, capital redemption reserve, certain unrealized profits, or any other reserve that the company may not distribute… …   Big dictionary of business and management

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