statutory balance-sheet and statutory valuation "statutory balance-sheet and statutory valuation" means respectively a balance-sheet lodged with the Director General in order to comply with subsection (1) of section 41, and a valuation of which the results are shown in a valuation balance-sheet lodged with him on an actuarial investigation made in order to comply with subsection (1) of section 42 and- (a) any reference to the last statutory balance-sheet or to the last statutory valuation shall be construed as reference to that last prepared or made and not superseded by the arrival of the data as at which another is to be prepared or made; and (b) any reference to there being shown in a statutory balance-sheet or on a statutory valuation a surplus of assets over liabilities of a takaful fund shall be construed accordingly by reference to the prescribed form of balance-sheet or valuation balance-sheet and to the rules to be followed under this Act in preparing it; ACT 312 - TAKAFUL ACT 1984 2. Interpretation.