Electronic and Postal Communications (Accounting Separation)
G.N. No. 426 (contd)
(a)
(b)
(c)
wholesale;
retail; and
other activities.
(2) The licensee shall, in carrying out universal and non
universal service obligation, maintain separated accounts for each.
(3) The licensee shall in its separated account, provides the
following (a) a statement of accounting policies applied, including
cost conventions;
(b) the names of business units and their disaggregated
activities;
(c) a statement of the basis of allocation and
apportionment
of
revenue,
operating costs and capital employed;
(d) a summary of transfer charges made among, the
separated business
units and disaggregated
activities.
(4) The separated accounts shall clearly show the costs and
revenues for each business unit or disaggregated activity.
(5) The Authority may from time to time issue guidelines
on issues regarding the following(a) regulatory accounting principles;
(b) regulatory accounting conventions;
(c) transfer charging; and
(d) costing methodologies for accounting separation.
Contents
and structure
of Separated
Accounts
5.-(1) The licensee shall prepare separated accounts in
accordance with(a) guidelines on accounting separation issued by the
authority; and
(b) International Financial Reporting Standards and
International Accounting Standards.
(2) The separated accounts shall disclose any differences
between costs allocated to different activities by the licensee and the
costs that the Authority allows for the purpose of determining
charges.
(3) The separated accounts shall include transfer charges
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