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Rate-regulated Activities — is there anything missing from the balance sheet? A joint outreach event

 11 December 2014

The International Accounting Standards Board (IASB), in conjunction with the European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS) and the Association Belge des Analystes Financiers (ABAF), invite investors to participate in a joint outreach event on the IASB’s Rate-regulated Activities project in Brussels on 18 December 2014.

We are seeking input from investors and analysts about the information they would like to see in the financial statements of companies that are involved in rate-regulated activities. Rate regulation can apply to industries in which a regulator is appointed to set prices that a company can charge to customers. Companies affected by rate regulation usually provide essential services such as utilities or communications, where there is little or no competition. It is argued by many that the special circumstances surrounding rate-regulated activities should be the subject of a specific accounting standard.

At the joint outreach event, analysts and investors will have the opportunity to share their views and discuss the following aspects:

  • Is there a need for a specific accounting standard for rate-regulated activities?
  • Should balances arising out of rate-regulated activities be included in the balance sheet or is note disclosure a better way forward?
  • How is the performance of rate-regulated activities best reflected?
  • What corrections/adjustments are analysts making to the financial statements of companies with rate-regulated activities?

The speaker panel will bring together Jesùs Lopez Zaballos, Chairman of EFFAS; Françoise Flores, Chairman of the EFRAG Technical Expert Group; Hans Buysse, Member of the EFFAS Management Committee and EFRAG Board Member; and Philippe Danjou, IASB Member.

The programme for this event is available here.

A formal invitation is available here.

To register please send an email to, including your contact details, by 12 December 2014.

This event forms part of a comprehensive programme of outreach activities to all IFRS stakeholders. Find out more about IASB investor outreach at the IASB’s Investor Centre.




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