Having approved the Regulations on keeping separate accounts, within the internal administration accounting system, by S.C. Romtelecom S.A., ANRC imposed on the operator with significant power on the market for the provision of access to the public fixed telephone networks for call origination, termination and transit the obligation to keep separate accounts of the activities related to interconnection and access to the providers’ own network or to the associated infrastructure. These regulations provide for drawing up and publishing the separate accounting statements for four business units: the transport network, the access network, retail sales and other activities. The transport network business unit, which is the assembly of activities of providing a series of internal and external interconnection services so that a provider’s users could communicate with the users of the same provider or of a third provider, or access the services provided by a third provider, shall be further detailed according to its business subunits: interconnection, leased lines-transport and other activities of the transport network. The accounting statements will include the profit and loss account, the situation of the average capital involved for each business unit and subunit, as well as the explanatory memoranda and the accounting policies deployed. As well, the Operator has the obligation to elaborate, within the separate accounting statement, a special settlement on the costs of the services provided by means of each business subunit. Thus, the special statement shall take into account the services offered through the transport network on the wholesale market (interconnection services for national, regional and local call origination an termination at fixed locations, interconnection services for commuted transit, co-location services, services of leased lines on the transport network, operator services, services of inquiry on the Operator’s subscribers), services provided by the access network on the wholesale market (services of full access to the local loop, services of shared access to the local loop, services of leased lines on the access network), as well as the services provided by retail sales. With a view to checking the observance of the provisions and conditions imposed on the operators designated as having significant power on the market of electronic communications services, ANRC provides that the separate accounting statements elaborated by the operators on which this obligation was imposed should be audited by a specialised body ensuring a high quality audit on the separate accounting statements. The auditors will certify whether the separate accounting statements reflect, in all the material aspects, the information in the Operator’s relevant accounting and financial statements and whether the procedures of information collection and processing respect the cost calculation methodology and the obligation of separate accounting of the costs, incomes and invested capital. The first separate accounting statements and, respectively, the audit report will be elaborated by the operators for the financial year of 2004 and will be published within 4 months from the date of publishing the annual financial statements regulated by the financial-accounting legislation.
