IFRS Foundation

example17b 2006-12-31 example17b 2007-12-31 example17b 2007-12-31 ifrs-full:RegulatoryDeferralAccountBalancesClassifiedAsDisposalGroupsMember example17b 2007-01-01 2007-12-31 ifrs-full:RegulatoryDeferralAccountBalancesClassifiedAsDisposalGroupsMember example17b 2006-12-31 example17b:ConstructionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2006-12-31 example17b:StormDamageMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2006-12-31 example17b:OtherRegulatoryAccountsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2006-12-31 example17b:PensionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2006-12-31 example17b:GasCostsVariancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2006-12-31 ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember example17b 2006-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2006-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2006-12-31 example17b:DecommissioningCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:ConstructionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:StormDamageMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:OtherRegulatoryAccountsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:PensionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:GasCostsVariancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember example17b 2007-12-31 example17b:LandDisposalMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:DecommissioningCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-01-01 2007-12-31 example17b:ConstructionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-01-01 2007-12-31 example17b:StormDamageMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-01-01 2007-12-31 example17b:OtherRegulatoryAccountsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-01-01 2007-12-31 example17b:PensionCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-01-01 2007-12-31 example17b:GasCostsVariancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-01-01 2007-12-31 ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember example17b 2007-01-01 2007-12-31 example17b:LandDisposalMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-01-01 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-01-01 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-01-01 2007-12-31 example17b:DecommissioningCostsMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-01-01 2007-12-31 example17b 2007-12-31 example17b:ConstructionCostsMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:ConstructionCostsMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:OtherRegulatoryAccountsMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:OtherRegulatoryAccountsMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:ElectricityDistributionMember example17b 2007-12-31 example17b:GasCostsVariancesMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:GasCostsVariancesMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 ifrs-full:TaxationrelatedRegulatoryDeferralAccountBalancesMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:DecommissioningCostsMember ifrs-full:BottomOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember example17b 2007-12-31 example17b:DecommissioningCostsMember ifrs-full:TopOfRangeMember ifrs-full:RegulatoryDeferralAccountBalancesNotClassifiedAsDisposalGroupsMember ifrs-full:GasDistributionMember iso4217:EUR xbrli:pure

IFRS Taxonomy 2014 – Illustrative examples

IFRS 14 Regulatory Deferral Accounts
Illustrative examples - example 17b

These examples accompany, but are not part of, the Standard.

Regulatory deferral account balances


Example 2—Discontinued operations and taxation

IE3
Paragraphs 25 and 34 of this Standard require an entity to disclose the regulatory deferral account debit and credit balances and the net movement in those balances that relate to discontinued operations and disposal groups and to deferred taxes respectively. Paragraphs B19–B22 provide additional guidance relating to these disclosures. In particular, paragraphs B20–B21 permit an entity to present the regulatory deferral account amounts that are related to discontinued operations or disposal groups alongside the other regulatory deferral account amounts that are presented in the statement of financial position or the statement of profit or loss and other comprehensive income, or disclose them in the table that is required by paragraph 33. Example 2 illustrates how these requirements might be met, but is not intended to illustrate all aspects of this Standard or IFRS more generally.

IE4
In this example, the entity is in the process of disposing of one of its wholly-owned, rate-regulated subsidiaries and, consequently, is presenting the assets and liabilities of that subsidiary as a disposal group in the statement of financial position in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. In addition, the results of that subsidiary are presented in a single line item in the statement of profit or loss as a discontinued operation. The entity has decided that the amounts related to the regulatory deferral account balances included in the disposal group should be presented separately in the statement of financial position as permitted by paragraph B20.

IE5
In addition, the entity has decided to present separately the deferred tax asset balance that relates to the recognition of regulatory deferral account balances that are expected to be recovered (reversed) through future rates by presenting additional line items for the deferred tax asset balance and the movement in it, as permitted by paragraphs 24 and B11–B12.

Regulatory deferral account balances

Regulatory deferral account debit balances

20X6

Balances arising in the period

Recovery/reversal

Other movements

20X7

Remaining recovery/reversal period (years)

Electricity distribution

Construction costs

18,720

5,440

(80)

24,080

410

Storm damage

64,410

(12,060)

(9,800)

42,550

4

Other regulatory balances

6,270

2,320

(950)

7,640

410

Gas distribution

Pension costs

5,130

10,120

(2,980)

12,270

N/A

Gas cost variances

7,800

(3,900 )

3,900

1

102,330

17,880

(19,970)

(9,800)

90,440

Disposal group

9,800

9,800

102,330

17,880

(19,970)

100,240

Regulatory deferral account credit balances

Electricity distribution

Land disposal

19,000

19,000

10

Income tax

6,360

3,207

(1,093)

8,474

110

Gas distribution

Gas cost variances

600

4,000

(200)

4,400

23

Income tax

3,180

1,603

(547)

4,236

110

Decommissioning costs

66,330

(2,030)

(2,450)

(17,460)

44,390

320

76,470

25,780

(4,290)

(17,460)

80,500

Disposal group

17,460

17,460

76,470

25,780

(4,290)

97,960

        

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