Q. My most recent audited accounts are almost a year out of date. Should I be using more recent unaudited figures?

A. The Code requires the most recent audited accounts. This is sufficiently accurate for the purposes of the stress tests.

Q. Should I be using annual or quarterly cash flow figures from my audited accounts?

A. The Code requires annual audited operating cash flow despite the fact that the disclosure statement covers a quarter period. The registrar will make any necessary calculations to normalise to the quarterly scenario.

Q. What about the equity figure?

A. This should be taken directly from your most recent audited accounts.