THE ORDER OF THE CHAIRMAN OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION OF NATURAL MONOPOLIES

of December 28, 2004 No. 506-OD

About approval of Rules of conducting separate accounting of the income, costs and the involved assets by the subjects of natural monopoly rendering water transportation services

According to the subitem 15) of Item 1 of article 14 of the Law of the Republic of Kazakhstan "About natural monopolies and the controlled markets" and the Program of enhancement of tariff policy of subjects of the natural monopoly for 2002-2004 approved by the order of the Government of the Republic of Kazakhstan of October 15, 2002 No. 1126, I ORDER:

1. Approve the enclosed Rules of conducting separate accounting of the income, costs and the involved assets as the subjects of natural monopoly rendering water transportation services.

2. To the subjects of natural monopoly rendering transportation services (supply) of water:

1) to make corresponding changes to accounting policies, and till December 1, 2005 to provide them for review to the authorized body exercising control and regulation of activities in the field of natural monopoly;

To provide 2) to Agency of the Republic of Kazakhstan on regulation of natural monopolies or to the relevant territorial authorities of the Agency of the Republic of Kazakhstan on regulation of natural monopolies by September 1, 2006 the reporting under types of service for the first half of the year 2006.

3. To department on regulation and control in the field of pipeline and water sewer systems of the Agency of the Republic of Kazakhstan on regulation of natural monopolies (Askarova A. G.) provide in accordance with the established procedure:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) approval of the accounting policies provided by the subjects of natural monopoly rendering transportation services (supply) of water.

4. On regulation of natural monopolies to provide to territorial authorities of the Agency of the Republic of Kazakhstan in accordance with the established procedure approval by the provided subjects of natural monopoly rendering transportation services of water, accounting policies.

5. To department of administrative work and analysis of the Agency of the Republic of Kazakhstan on regulation of natural monopolies (Dosmagambet E. M.) after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan:

To provide 1) in accordance with the established procedure its publication in official mass media;

2) to bring it to the attention of structural divisions and territorial authorities of the Agency of the Republic of Kazakhstan on regulation of natural monopolies.

6. To impose control of execution of this order on the vice-chairman of the Agency on regulation of natural monopolies Nefedov A. P.

7. This order becomes effective from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

Approved by the order of the Chairman of the Agency of the Republic of Kazakhstan on regulation of natural monopolies of December 28, 2004 No. 506-OD

Rules of conducting separate accounting of the income, costs and the involved assets by the subjects of natural monopoly rendering water transportation services

Chapter 1. General provisions

1. These rules of conducting separate accounting of the income, costs and the involved assets (further - Rules) are developed according to the Law of the Republic of Kazakhstan "About natural monopolies and the controlled markets", the order of the Government of the Republic of Kazakhstan of October 15, 2002 No. 1126 "About approval of the Program of enhancement of tariff policy of subjects of natural monopolies for 2002-2004" and other regulatory legal acts of the Republic of Kazakhstan and extend to the subjects of natural monopoly rendering transportation services and water supply (further - subjects).

2. Main objective of development of Rules is determination of the principles of maintaining, procedure for the organization and implementation by subjects of separate accounting of the income, costs and the involved assets by types of regulated services and in general on non-regulated services for establishment of economically reasonable rates approved by the authorized state body performing management in spheres of natural monopolies and in the controlled markets (daleeupolnomochenny body).

3. Subjects perform separate accounting of the income, costs and the involved assets on each type of service, including according to the list of regulated services approved by authorized body according to the legislation of the Republic of Kazakhstan.

4. Separate accounting represents system of collection and generalization of data on the income, costs and the involved assets separately by each type of the rendered services.

5. Basic principles of separate accounting:

1) priority of direct reference (in case of possibility of direct reference) the income, costs and the involved assets on the corresponding types of service on the basis of these source documents;

2) availability of cause and effect relationship of the income, costs and the involved assets with those types of service with which they are connected;

3) transparency in case of reference and income distribution, costs and the involved assets on the corresponding types of regulated services.

6. Separate accounting shall be based on source documents of accounting and managerial accounting which shall provide the necessary detail level for separation of the income, costs and the involved assets on types of service according to these rules. Rules do not change procedure and form of submission of the established financial and tax statements by subjects.

7. The basic concepts applied in these rules for the purposes of conducting separate accounting:

1) allocation base - the quantitative index (indicators) used for cost allocation and degree of involvement of assets on types of service;

2) other services - the services performed according to the legislation of the Republic of Kazakhstan;

3) the involved assets - the subject's assets used for provision of service (services), including fixed assets and intangible assets;

4) indirectly the involved assets on services - the involved assets which have causes and effect relationships along with several services (group of services) and therefore they cannot be directly and are unambiguously carried to certain service, but degree of their involvement in rendering certain services can be determined on the basis of the allocation bases reflecting these causes and effect relationships;

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