What is TFRS 20 (Regulatory assets and liabilities)?

Q: What is TFRS 20 (Regulatory assets and liabilities)?

The standard enabling entities with regulated tariffs to report timing differences between periods arising from the tariff mechanism as regulatory assets and liabilities. In regulated industries such as energy distribution, natural gas, water and transport, costs incurred in one period may be reflected in the tariffs of later periods. By making these rights and obligations visible in the financial statements, TFRS 20 improves the comparability of performance between periods.

In regulated industries such as energy distribution, natural gas, water and transport, costs incurred in one period may be reflected in the tariffs of later periods. By making these rights and obligations visible in the financial statements, TFRS 20 improves the comparability of performance between periods.

Related terms

RevenueIncome arising in the course of an entity's ordinary activities.Turkish Financial Reporting Standards (TFRS)The financial reporting standards issued by the POA in line with International Financial Reporting Standards (IFRS).Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Amortised costThe amount at which a financial asset or liability is measured at initial recognition, minus principal repayments, plus cumulative amortisation calculated using the effective interest method.AssociateAn entity over which the investor has significant influence but not control or joint control.BOBİ FRS (Turkish GAAP for SMEs)The financial reporting standard issued by the POA for large and medium-sized entities that are subject to independent audit but do not apply TFRS.

Last updated: October 22, 2026 · This definition is for general information only.