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Regulatory Accounting
Telco & Energy Companies are obliged to annually prepare specific Regulatory Accounts for its fixed network services
The general "rules" of the Regulatory Accounts are set in a specific EU Recommendation on "Cost accounting and Accounting Separation" 3 dated 8 April 1998; with regard to fixed services (Telco, Energy, Oil & Gas), these rules have been further developed by AGCom through a number of specific and detailed implementation criteria, mainly contained in the Decision 152/02/CONS on "Equality of Treatment", which also includes the "formats" of the economic/financial statements to be prepared for the various services.
Under the European Community Directives and the National Rules 1, apart from the customary Financial Statements TELCO & ENERGY Companies are obliged to annually prepare specific Regulatory Accounts for its fixed network services (inclusive of the Cost Accounting and Accounting Separation reports).
The purpose of the Regulatory Accounts is to provide the National Regulatory Authority (AGCom) with detailed economic and financial information so that it may carry out its regulating functions on the relevant markets, in relation to each fixed network service where TI is designated as having SMP.
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