Islamabad, Sep 11: The “Accounting Separation (1st Amendment) Regulations, 2024” were drafted by the Pakistan Telecommunication Authority (PTA), and they mandate that licensees with both fixed and mobile licenses keep separate accounts for each license category.
The PTA Telecom Licensees draft regulations stated that the licensee shall prepare annual Separated Accounts for the following Business Units as defined to these Regulations.
- Network about licensed system;
- Retail about licensed services;
- Telecom region-wise,
- License-wise; and
- Non-licensed activities.
The revenue and operating expenses from every business activity must be disclosed in the profit and loss statement. Each account’s profit must be declared before taxes and interest. Any transfer charges to or from other business units must be shown on all accounts.
The breakdown of current assets, fixed assets, and current liabilities must be included in the balance sheet. The data on the balance sheet ought to correspond to the mean values for the time period covered by the balance sheet. PTA Telecom Licensees statutory account reconciliation, the average can be computed using the period’s starting and closing balance sheets.
