DECISION ON KEEPING BUSINESS RECORDS AS ACCOUNTING RECORDS FOR REGULATION PURPOSES
Friday, April 16, 2021.
On the session held on April 15, 2021, the Council of the Energy Agency of the Republic of Serbia has adopted a Decision on Method, Procedure and Deadlines for Keeping Accounting Records for Regulation Purposes and Separation of Accounts for Different Activities.
This Decision defines the method, procedure and deadlines for keeping business records as accounting records for regulation purposes, separation of energy entities’ accounts for different activities and defines the type of data and documentation necessary for the operation and efficiency control of accounts separation by the Energy Agency of the Republic of Serbia in line with the Energy Law. In such a manner, an accurate review of the financial position and prosperity of operations both for each energy entity and for different activities is provided. In addition, discrimination among market players is prevented as well as cross-subsidies between different activities. Also, it stimulates economic and energy efficiency and conditions are created for an easier and more accurate establishment of regulated prices of services, energy and energy sources in line with methodologies adopted by the Agency.
Among other things, the Decision defines particular analytical accounts for bookkeeping business changes for regulation purposes, keys for the allocation of common balance positions, regulatory nomenclature and method of registering certain funds with the highest annual depreciation rates, informing the Agency on transactions with associated persons, regulatory internal relations, specific regulatory requirements, list of data and documentation submitted to the Agency for regulation purposes as well as the deadlines and the method of submission of these data and documentation.
The provisions of this Decision will become applicable in the financial reports drafted on December 31, 2021.
This Decision (Serbian version) is published on the website of the Energy Agency of the Republic of Serbia and will enter into force on the eighth day upon its publication.