How IFRS 20 affects organisations with rate regulatory agreements - Business Daily

IFRS 20 (Regulatory Assets and Regulatory Liabilities) is a newly issued IFRS accounting standard that requires organisations subject to regulatory agreements to provide information on their regulatory assets, liabilities, income and expenses. It is effective from January 1, 2029, with earlier application permitted, and replaces IFRS 14 (Regulatory Deferral Accounts). The standard primarily affects the utilities, energy, and transportation sectors, and requires presenting regulatory assets and liabilities on the balance sheet and recognising regulatory income and expenses in the income statement.