Document ID: chunk:federal_register_of_legislation:F2022C00487:reg:36:p7
Version: federal_register_of_legislation:F2022C00487
Segment Type: reg
Provision Reference: reg 36 (pt 7/12)
Character Range: 41438–44402

of AASB 5 shall not apply to the regulatory deferral account balances recognised.
B20 Paragraph 33 of AASB 5 requires a single amount to be presented for discontinued operations in the statement(s) of profit or loss and other comprehensive income. Notwithstanding the requirements of that paragraph, when an entity that elects to apply this Standard presents a discontinued operation, it shall not include the movement in regulatory deferral account balances that arose from the rate-regulated activities of the discontinued operation within the line items that are required by paragraph 33 of AASB 5. Instead, the entity shall present the movement in regulatory deferral account balances that arose from the rate-regulated activities of the discontinued operation either:

          (a) within the line item that is presented for movements in the regulatory deferral account balances related to profit or loss; or

          (b) as a separate line item alongside the related line item that is presented for movements in the regulatory deferral account balances related to profit or loss.
B21 Similarly, notwithstanding the requirements of paragraph 38 of AASB 5, when an entity presents a disposal group, the entity shall not include the total of the regulatory deferral account debit balances and credit balances that are part of the disposal group within the line items that are required by paragraph 38 of AASB 5. Instead, the entity shall present the total of the regulatory deferral account debit balances and credit balances that are part of the disposal group either:

          (a) within the line items that are presented for the regulatory deferral account debit balances and credit balances; or

          (b) as separate line items alongside the other regulatory deferral account debit balances and credit balances.
B22 If the entity chooses to include the regulatory deferral account balances and movements in those balances that are related to the disposal group or discontinued operation within the related regulated deferral account line items, it may be necessary to disclose them separately as part of the analysis of the regulatory deferral account line items described by paragraph 33 of this Standard.

Application of AASB 10 Consolidated Financial Statements and AASB 128 Investments in Associates and Joint Ventures
B23 Paragraph 19 of AASB 10 requires that a "parent shall prepare consolidated financial statements using uniform accounting policies for like transactions and other events in similar circumstances". Paragraph 8 of this Standard requires that an entity that is within the scope of, and elects to apply, this Standard shall apply all of its requirements to all regulatory deferral account balances arising from all of the entity's rate-regulated activities. Consequently, if a parent recognises regulatory deferral account balances in its consolidated financial statements in accordance with this Standard, it shall apply the