111. Ofcom's statement of principles for ascertaining qualifying revenue for licensing of independent television services.

It is the duty of Ofcom1 to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining the qualifying revenue2 in relation to a person for any accounting period of his, or for any year, for the purposes of any provision of Part I of the Broadcasting Act 19903. Such a statement may set out different principles for persons holding different kinds of licences