Accounts Correction

Transcribed from the printed issue; not yet reviewed. Read it in the PDF of the issue, page 11

It has been drawn to my attention that there is an error in the accounts summary as presented to the AGM and published in Vector 14.1. The figure for <Total payments> for 1996/97 (R&P) should read 22000 (don’t ask me where 20149 came from!).

It is perhaps also worth mentioning that the amounts written off should appear on a separate line below net assets. They do not form part of the sum to calculate net assets; rather, they are for use in the reconciliation identity:

new_assets = (old_assets - written_off) + (receipts - payments)