Postal Services Act, 1998 (Act No. 124 of 1998)Accounting Separation Regulations for Reserved Postal Services5. Reporting Requirements |
| 1) | The Licensed Operator must submit the following four categories of Regulatory Financial Statements: Entity Reports, Segment Reports, Reconciliation Reports, and Administrative Reports. |
| 2) | Entity reports provide summarised financial information of the total Licensed or Regulated Entity for which regulatory information is required. The Licensed Operator is required to submit the following Entity Reports: |
| a) | Report 1.1: Unconsolidated Balance Sheet for the Corporate Entity; |
| b) | Report 1.2: Unconsolidated Income Statement for the Corporate Entity; |
| c) | Annual Audited Financial Statements which include: |
| i) | Report 2.1: Balance Sheet, |
| ii) | Report 2.2: Income Statement, |
| iii) | Report 2.3: Cash Flow Statement, |
| iv) | Report 2.4: Notes to the Financial Statements, and |
| v) | Report 2.5: Audit Opinion; |
| 3) | Segment Reports provide detailed information by business, cost centre and product or service. The Licensed Operator must submit the following Segment Reports: |
| a) | Report 3.1: Business and Cost Centre Report; and |
| b) | Report 4.1: Postal Product and Service Profit and loss Statements. |
| 4) | Reconciliation and Administrative Reports provide the Authority with objective and verifiable data that discloses the variances between information reported on the Regulated Entity and information published to external shareholders (namely Audited Financial Reports). The Licensed Operator must submit the following reports: |
| a) | Report 5.1: Reconciliation Statement; |
| b) | Report 6.1: Cost of Capital Report; and |
| c) | Report 7.1: Audit Report. |
| 5) | Illustrative formats of the regulatory templates are provided in Annexure 1. |
| 6) | These report formats specify the minimum level of detail to be provided, the structure, content and format of the reports. |
| 7) | The reports referred to in regulation 5(2) to 5(4) of these regulations do not seek to fully define all information that the Authority may require to fulfil its regulatory objectives. Further information may be requested by the Authority in terms of section 7.6.6 of the Postal Licence. The Licensed Operator must submit reports in both hard and electronic copies. |