Utilities around the world are making big investments in advanced analytics. The EEI Financial Review is an annual report on the financial performance and strategic direction of the electric power industry. 0
Our publication discusses such proposed and codified standards and highlights nuances that could affect our industry. DTTL and each of its member firms are legally separate and independent entities. Florida’s public power utilities serve more than 1.4 million customer accounts and are a … The National Commission on Markets and Competition (CNMC) published a report focused on the financial analysis of Red Eléctrica de España (REE), as the sole transmission and operator of the Spanish Power … We are pleased to present our 13th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. %PDF-1.6
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The pace of standard-setting from the International In June 2018, the ERSE ‘Board of Directors’ approved the first amendment to the Tariff Regulation. This publication discusses accounting, tax, and regulatory matters that P&U entities will need to consider as a result of these changes, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. European Power & Utilities Report An ongoing report on the European Power & Utilities sector. 413 0 obj
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Please see www.deloitte.com/about to learn more about our global network of member firms. Power & Utilities: Accounting, Financial Reporting, and Tax Research Guide: July 2018, Telecommunications, Media & Entertainment, A power and utilities perspective: Tech Trends 2019, 2021 power and utilities industry outlook. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Change is constant in the utilities industry, and 2018 is no exception. Data collection and exchange are growing exponentially, creating digital threats but … Companies in the sector are being put under unprecedented pressure to develop winning strategies. How can companies navigate the complex factors at play while continuing to create value for their stakeholders? The energy industry is changing. Fullwidth SCC. PwC financial reporting publications PwC is committed to helping businesses improve the quality of their financial reporting. However, there are a number of notable changes for 2018. %%EOF
Title: Power and Utilities Accounting, Financial Reporting, and Tax Research Guide (2018) Author: Deloitte's National Office Created Date: 7/16/2018 4:06:58 PM Power Corporation of Canada 2018 Annual Report I FOR THE YEARS ENDED DECEMBER 31 [IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS] 2018 2017 Net earnings [1] 1,287 1,286 Net earnings – per participating share 2.77 2.77 Adjusted net earnings [1] [2] 1,438 1,560 Adjusted net earnings [2] – per participating share 3.09 3.36 Dividends declared – per participating share 1.50 1.41 The ratios can be a useful tool in assessing electric utility performance. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. IAS 39, Financial Instruments: Recognition and Measurement, to commodity purchases and sales. Getting the full value, however, requires rethinking their strategy, culture, and organization. Financial reporting in the power and utilities industry 3 Foreword International Financial Reporting Standards (IFRS) provide the basis for company reporting in an increasing number of countries around the world. 4 Financial reporting in the oil & gas, power & utilities and mining sectors Surveying the ground to be covered by the roundtable event, IASB board member Patrick Finnegan observed: “This is an agenda that is filled with an extraordinary 524 0 obj
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Do not delete! The COVID-19 outbreak has illuminated the global power and utility industry’s resilience and presented unique opportunities to fast forward renewables. We are pleased to present our 14th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. Please enable JavaScript to view the site. In this edition, we look at the issues faced by power and utilities companies. PwC's Financial reporting in the mining industry (FRIM) publication looks at how International Financial Reporting Standard (IFRS) is applied in practice by mining companies, identifying unique issues for the industry and how mining companies are responding to the … The utilities sector is a category of stocks for companies that provide basic services including natural gas, electricity, water, and power. This message will not be visible when page is activated. © 2021. h��T�OSW��{�˕��"`[�TE-�2����b�ijL��P̍���"�9v=�f+�T�Æ��Z}Ш��\ŘB4�F�$�%Ą`B�E����s�-�� ����������s� � ��!�,g13�D팀�� a�����r*���ă��H���9W��S�+�`]�?h_v�� beV�6�xk �IO�#��o��B�զ�x
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۶ �i�� 9�J%G&ӓɑ��$�#I����"+�,SJ��G=��#pa���k�!�f���7���������V��]q����J_����=�{�ݛK�p�+"�D��������5;/.��L)?��kľ��Ϭ�a9�p�u4zy��[7�״��.�Y�)g��"�L�K�e=��6tߗ�ou�Tي�Fm��=���}w������v�C��L?cb�KFٟ�9��S9q�=l�h�w�V. The power and utilities sector faces radical transformation. This box/component contains JavaScript that is needed on this page. As the U.S. power and utilities industry continues to transform, more flexible regulatory initiatives may bring new opportunities. This power and utilities industry supplement discusses the key areas of interest to reporting entities in the power and utilities industry, including (1) whether or not tariff-based sales are within the scope of the new standard, (2) accounting for contract modifications, (3) allocation of a transaction price to the performance obligations within a contract, and (4) methods to be used to measure progress toward … A podcast by our professionals who share a sneak peek at life inside Deloitte. This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. The most difficult issue for the power sector will be the application of . These contracts will cover inputs for power generation such as gas, oil and coal, as well as electricity and gas sales. POWER FINANCIAL CORPORATION 2018 ANNUAL REPORT I This is Power Financial FINANCIAL HIGHLIGHTS For the years ended December 31 [in millions of dollars, except per share amounts] 2018 2017 Net earnings [2] 2,245 1,717 Net earnings – per common share 3.15 2.41 Certain sections of this publication are designed to help you understand and address potential challenges in accounting and reporting related to topics on which the FASB has recently issued (1) proposed guidance or (2) final standards that are not yet effective or available for adoption. 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