Value Added and Other Information
The value added statement is not compulsory — firms do not have to produce it. However where it is shown it can be a very useful source of information about a company and its activities. A government green paper published in 1977 (The Future of Company Reports, Cmnd 6888, HMSO, London) recommended that such a statement be shown and the accountancy profession itself suggested it in 1975 (The Corporate Report, Accounting Standards Steering Committee).
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