IFRS 20 — Regulatory Assets and Regulatory Liabilities

What you should know

• Know and apply the definitions related to regulatory assets and regulatory liabilities.
• Determine whether an entity is subject to rate regulation within the scope of IFRS 20.
• Identify regulatory assets, regulatory liabilities, regulatory income and regulatory expense.
• Recognise regulatory assets and regulatory liabilities when rights and obligations arise from rate regulation.
• Measure regulatory assets and regulatory liabilities using the requirements of IFRS 20.
• Present regulatory assets, regulatory liabilities, regulatory income and regulatory expense in the financial statements.
• Disclose the effects of rate regulation on the entity’s financial position, financial performance and future cash flows.