Sch 9 para 2A Definition of “Provisions”
At the balance sheet date, a provision must represent the best estimate of the expenses likely to be incurred or, in the case of a liability, of the amount required to meet that liability.
The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Sch 9 para 2A
Contains public sector information licensed under the Open Government Licence v3.0.