Electronic and Postal Communications (Accounting Separation)
G.N. No. 426 (contd)
Cap.212
Cap 172
Regulatory Authority Act;
“accounting policies” means principles, bases, conventions, rules
and practices applied by licensee which specify how the
effects of transactions and other events are reflected in the
financial statement;
“accounting estimates” means methods adopted by licensee to arrive
at estimated amounts for the financial statements;
“accounting separation” means separating licensee accounts in a
way that the costs, revenues and capital employed
associated with each business unit, service and/or product
can individually be identified and allocated;
“business unit” means a sub-division or segment of the licensees
business;
“disaggregated activity” means a sub-service within a business unit
which is treated as separate accounting segment;
“financial year” means accounting period of the licensee in respect
of which statutory accounts are required to be prepared and
audited in accordance with the requirements of the Companies
Act;
“guidelines” means the guidelines issued by the Authority for a
licensee to prepare separated accounts;
“licensee” means an entity licensed by the Authority to provide any
electronic communications and postal services;
“market” has the meaning ascribed to it under the Tanzania
Communications Regulatory Authority Act;
“separated accounts” means disaggregated licensee’s accounts as
may be required by the Authority for regulatory purposes;
“transfer charge” means charge applied, or deemed to be applied by
the licensee to itself for the provision of services by one of
its business unit disaggregated activity to its other business
unit or disaggregated activity.
PART II
ACCOUNTING SEPARATION
Preparation
of Separated
Accounts
4.-(1) The licensee shall prepare separated accounts for the
following business units137