The Board continued its discussion of regulatory assets and liabilities and decided tentatively:
- that the discount rate to be used in measuring regulatory assets and regulatory liabilities should be determined on the same basis as in IAS 36 Impairment of Assets and IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
- that an entity should recognise a regulatory asset for all identifiable costs of self-constructed assets the regulator specifically permits in the determination of rates.
- on general disclosure principles, and on minimum disclosures to be required to meet those principles.
- that some of the required numerical disclosures should be presented in tabular format unless another format is more appropriate.
The Board directed the staff to draft an exposure draft for ballot. The Board will consider at a future meeting the remaining issues, including transition and first-time adoption.