1. Take all SIM’S with a NBV at 30-Jun-15.
2. Calculate the remaining life to date at that point and deduct this from 20 years to give a new remaining useful life for each SIM.
3. Divide the NBV as at 30th June 2015 by the number of months remaining from your new calculation. There will need to be a catch up adjustment posted in November to take account of July’s to November’s change. December onwards will be straight forward.
4. Please action this in your November TB.
Link-UK to provide wording and justification for policy change
• Link UK recharges (action with Rob Forshaw)
1. Recharge to be calculated for 2015 for charges from Link UK
2. Possible recharge for US recharges