/Filter/FlateDecode/ID[]/Index[413 112]/Info 412 0 R/Length 93/Prev 795400/Root 414 0 R/Size 525/Type/XRef/W[1 3 1]>>stream This box/component contains JavaScript that is needed on this page. The power and utilities sector faces radical transformation. 413 0 obj <> endobj Certain services may not be available to attest clients under the rules and regulations of public accounting. This month, President and CEO of IMA, Jeff Thomson, chats with CFO of Baltimore Gas & Electric, Dave Vahos, to learn how the company is staying ahead. 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. Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Getting the full value, however, requires rethinking their strategy, culture, and organization. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide July 2018 This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. 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 The 2020 Strategic Directions: Smart Utilities Report explores the issues and complexities of the changing utility landscape. Financial reporting in the power and utilities industry 3 Foreword International Financial Reporting Standards (IFRS) provide the basis for company reporting all over the world. h��T�OSW��{�˕��"`[�TE-�2����b�ijL��P̍���"�9v=�f+�T�Æ��Z}Ш��\ŘB4�F�$�%Ą`B�E����s�-�� ����������s� � ��!�,g13�D팀�� a�����r*���ă��H��†�9W��S�+�`]�?h_v�� beV�6�xk �IO�#��o��B�զ�x ��VY��ϊzT�9Iv��G�k2,9�K���җhT�a�R._5Wb��G}臰�|$s���¼�خ#�]i��H�7��j}�Z����Ȓ$zJ���epu'�#f�)�4g�~ ۶ �i�� 9�J%G&ӓɑ��$�#I����"+�,SJ��G=��Ž#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. However, there are a number of notable changes for 2018. 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. The utilities sector is a category of stocks for companies that provide basic services including natural gas, electricity, water, and power. 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 … 6 FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES 7 This report presents data for 21 categories of financial and operating ratios for 191 of the largest publicly owned electric utilities in the United States. European Power & Utilities Report An ongoing report on the European Power & Utilities sector. Do not delete! Please see www.deloitte.com/about to learn more about our global network of member firms. Employment in the electric power generation, transmission, and distribution industry is expected to decline by about 15 percent over the 2008-2018 period. Carbon prices Carbon prices increased moderately between April and May 2018 reaching EUR16.27/T, then declined to EUR14.99/T at the end of June. %%EOF Florida’s Public Power Utilities Florida’s 33 municipal electric utilities, combined, are the third largest electric provider in the state, serving 14 percent of Florida’s customers. South African coal average prices increased by 5.3 percent in Q2 2018 to US$98.80/Mt at the end of May 2018, reaching a peak in the last 7 years (see note below). We are pleased to present our 13th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. PwC financial reporting publications PwC is committed to helping businesses improve the quality of their financial reporting. 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. Distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. DTTL (also referred to as "Deloitte Global") does not provide services to clients. IAS 39, Financial Instruments: Recognition and Measurement, to commodity purchases and sales. Although the pace of standard-setting from the International Accounting Standards Board (IASB) has been less intense in recent years, the application In June 2018, the ERSE ‘Board of Directors’ approved the first amendment to the Tariff Regulation. 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 … 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 … Social login not available on Microsoft Edge browser at this time. With a host of satisfied customers including BG Group plc, BHP Billiton PLC, Con Edison, Eskom, TRUEnergy, Hydro Tasmania, ETSA utilities, Horizon Power, Western Power, Queensland Gas and Water Corporation Australia Cura Software is the undisputed leader in risk and compliance for the mining and resources industry. Please enable JavaScript to view the site. This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. Over 100 countries either use or are adopting IFRS reporting. h�bbd```b``�"_�H�� "��@$�8����SA��X DW3�]$Y��N;00120�Mc`$���A��Qr����V �I � These contracts will cover inputs for power generation such as gas, oil and coal, as well as electricity and gas sales. We have expanded several sections in this year’s publication that concentrate on accounting and reporting considerations related to the new accounting standards, including the discussion of those specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force. Wildern Staff List, Why Is It Called Swamp Rabbit Trail, Interactive Product Websites, Ds3 Witches Lock, What The Night Can Do Cast, Mural Art Painting, Got It Good Meaning, Country Songs About Missing Someone Long Distance, Men's Luxury Cashmere Sweaters, Souvenirs 2020 Imdb, Pharmaceutical Books List, " />

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How can companies navigate the complex factors at play while continuing to create value for their stakeholders? © 2021. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. In this edition, we look at the issues faced by power and utilities companies. This publication (pdf, 1.39MB) is part of a series that takes a sector-by-sector look at IFRS in practice. Utilities around the world are making big investments in advanced analytics. 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. Our industry continues to face changing markets, new legislation, environmental initiatives, regulatory pressures, and emerging businesses and technologies. The energy industry is changing. Deloitte Power and Utilities Accounting, Financial Reporting, and Tax Research Guide U.S. Power & Utilities Contacts Scott Smith U.S. Power & Utilities National Sector Leader Deloitte & Touche LLP +1 619 237 6989 ssmith@deloitte.com Bill Graf U.S. Power & Utilities Audit Functional Sector Leader and Industry Professional Practice Director endstream endobj startxref this is expected to be temporary. We are pleased to present our 14th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. 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 A podcast by our professionals who share a sneak peek at life inside Deloitte. This message will not be visible when page is activated. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide has been saved, Power & Utilities Accounting, Financial Reporting, and Tax Research Guide has been removed, An Article Titled Power & Utilities Accounting, Financial Reporting, and Tax Research Guide already exists in Saved items. Die International Financial Reporting Standards (IFRS) bilden die Grundlage, nach der Unternehmen weltweit ihre Rechnungslegung ausrichten. The COVID-19 outbreak has illuminated the global power and utility industry’s resilience and presented unique opportunities to fast forward renewables. Companies in the sector are being put under unprecedented pressure to develop winning strategies. 24 Harnessing the power of advanced analytics in transmission and distribution asset management Advanced analytics is helping T&D operators improve performance, publication (pdf, 1.39MB) is part of a series that takes a sector-by-sector look at IFRS in practice. With new competitors and technological innovation inspiring enhanced products and services, energy suppliers need to adapt quickly if they want to retain their customers and their trust. DTTL and each of its member firms are legally separate and independent entities. 2020 Smart Utilities Report. 0 Our publication discusses such proposed and codified standards and highlights nuances that could affect our industry. The ratios can be a useful tool in assessing electric utility performance. Financial reporting in the power and utilities industry: International Financial Reporting Standards. Discover Deloitte and learn more about our people and culture. As the U.S. power and utilities industry continues to transform, more flexible regulatory initiatives may bring new opportunities. Historically in our survey, the Energy and Utilities industry group tends to have relatively consistent results. Power and utilities companies will need to determine whether promised goods or services should be accounted for as a single performance obligation (i.e. The UK energy supply industry is facing its biggest shake-up since deregulation. Spain. The pace of standard-setting from the International Financial statement presentation ; Leases (ASC 842) Financing transactions ; Stock-based compensation ; Foreign currency ; Loans and investments (post ASU 2016-13 and ASC 326) Transfers and servicing of financial assets ; Utilities and power companies Change is constant in the utilities industry, and 2018 is no exception. See Terms of Use for more information. In this edition, we look at the issues faced by power and utilities companies. Fullwidth SCC. Data collection and exchange are growing exponentially, creating digital threats but … 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. The most difficult issue for the power sector will be the application of . Whether companies enjoy the promise of this innovation depends on how they embrace the potential of new technology as the vanguard for industry … a ‘series’), as well as the effect of the new standard on alternative revenue programs, requirements contracts, renewable engery credits and … 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 1.41 524 0 obj <>stream The digital revolution is coming to the power industry. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. 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 Florida’s public power utilities serve more than 1.4 million customer accounts and are a … 427 0 obj <>/Filter/FlateDecode/ID[]/Index[413 112]/Info 412 0 R/Length 93/Prev 795400/Root 414 0 R/Size 525/Type/XRef/W[1 3 1]>>stream This box/component contains JavaScript that is needed on this page. The power and utilities sector faces radical transformation. 413 0 obj <> endobj Certain services may not be available to attest clients under the rules and regulations of public accounting. This month, President and CEO of IMA, Jeff Thomson, chats with CFO of Baltimore Gas & Electric, Dave Vahos, to learn how the company is staying ahead. 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. Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Getting the full value, however, requires rethinking their strategy, culture, and organization. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide July 2018 This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. 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 The 2020 Strategic Directions: Smart Utilities Report explores the issues and complexities of the changing utility landscape. Financial reporting in the power and utilities industry 3 Foreword International Financial Reporting Standards (IFRS) provide the basis for company reporting all over the world. h��T�OSW��{�˕��"`[�TE-�2����b�ijL��P̍���"�9v=�f+�T�Æ��Z}Ш��\ŘB4�F�$�%Ą`B�E����s�-�� ����������s� � ��!�,g13�D팀�� a�����r*���ă��H��†�9W��S�+�`]�?h_v�� beV�6�xk �IO�#��o��B�զ�x ��VY��ϊzT�9Iv��G�k2,9�K���җhT�a�R._5Wb��G}臰�|$s���¼�خ#�]i��H�7��j}�Z����Ȓ$zJ���epu'�#f�)�4g�~ ۶ �i�� 9�J%G&ӓɑ��$�#I����"+�,SJ��G=��Ž#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. However, there are a number of notable changes for 2018. 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. The utilities sector is a category of stocks for companies that provide basic services including natural gas, electricity, water, and power. 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 … 6 FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES FINANCIAL AND OPERATING RATIOS OF PUBLIC POWER UTILITIES 7 This report presents data for 21 categories of financial and operating ratios for 191 of the largest publicly owned electric utilities in the United States. European Power & Utilities Report An ongoing report on the European Power & Utilities sector. Do not delete! Please see www.deloitte.com/about to learn more about our global network of member firms. Employment in the electric power generation, transmission, and distribution industry is expected to decline by about 15 percent over the 2008-2018 period. Carbon prices Carbon prices increased moderately between April and May 2018 reaching EUR16.27/T, then declined to EUR14.99/T at the end of June. %%EOF Florida’s Public Power Utilities Florida’s 33 municipal electric utilities, combined, are the third largest electric provider in the state, serving 14 percent of Florida’s customers. South African coal average prices increased by 5.3 percent in Q2 2018 to US$98.80/Mt at the end of May 2018, reaching a peak in the last 7 years (see note below). We are pleased to present our 13th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. PwC financial reporting publications PwC is committed to helping businesses improve the quality of their financial reporting. 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. Distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. DTTL (also referred to as "Deloitte Global") does not provide services to clients. IAS 39, Financial Instruments: Recognition and Measurement, to commodity purchases and sales. Although the pace of standard-setting from the International Accounting Standards Board (IASB) has been less intense in recent years, the application In June 2018, the ERSE ‘Board of Directors’ approved the first amendment to the Tariff Regulation. 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 … 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 … Social login not available on Microsoft Edge browser at this time. With a host of satisfied customers including BG Group plc, BHP Billiton PLC, Con Edison, Eskom, TRUEnergy, Hydro Tasmania, ETSA utilities, Horizon Power, Western Power, Queensland Gas and Water Corporation Australia Cura Software is the undisputed leader in risk and compliance for the mining and resources industry. Please enable JavaScript to view the site. This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. Over 100 countries either use or are adopting IFRS reporting. h�bbd```b``�"_�H�� "��@$�8����SA��X DW3�]$Y��N;00120�Mc`$���A��Qr����V �I � These contracts will cover inputs for power generation such as gas, oil and coal, as well as electricity and gas sales. We have expanded several sections in this year’s publication that concentrate on accounting and reporting considerations related to the new accounting standards, including the discussion of those specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

Wildern Staff List, Why Is It Called Swamp Rabbit Trail, Interactive Product Websites, Ds3 Witches Lock, What The Night Can Do Cast, Mural Art Painting, Got It Good Meaning, Country Songs About Missing Someone Long Distance, Men's Luxury Cashmere Sweaters, Souvenirs 2020 Imdb, Pharmaceutical Books List,

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