| My company had alrady implemented AS-15.But due to enhancement of Pay & pension w.e.f from 01.01.2006,terminal claims liability will increase as per valuation of AS-15.How do we plan for avoid the huge liability inpact on Profit & Loss account of 2008-2009. As we are in power distribution business,Regulatory authority will admit the expenditure but allow to enhance the tariff (inpact of Terminal liability) in deferred mode called as 'Regulatory Assets'.Whether we can recognish deferred income as 'Income Accrued but not Realized' based on the Tariff order in the Profit & Loss account of 2008-2009 as per AS-9. | |
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