Relevant income and relevant expenses are defined in Annex J.
Relevant income and expenses must be calculated and reconciled by the licensee to the audited annual financial statements and/or underlying accounting records and to the projected information if applicable.
Relevant income and expenses must be adjusted to reflect the fair value of any such transactions as described in Annex J or, for player transfers between clubs that are related parties, the value as set out in Annex G.
If a licensee’s annual financial statements are denominated in a currency other than euros, then its relevant income and expenses must be converted into euros at the average exchange rate of the reporting period, as published by the European Central Bank or other appropriate source.