Singapore legislation
Regulation 3
of Civil Aviation Authority of Singapore (Licensing of Airport Operators) Regulations 2009
Regulation 3
Preparation of accounts, etc.
Subregulation 1
For the purposes of section 53(1)(a) of the Act, the airport licensee for an airport must, for its operations at the airport, prepare for each financial year the following regulatory and financial accounts, unless otherwise provided in paragraph (1A):
accounts or, if it is a holding company, consolidated accounts (prepared in accordance with the applicable accounting standards) that meets the requirements of Part 6 of the Companies Act 1967;
a director’s report for itself and for all its subsidiaries and related corporations providing aeronautical services and facilities, non-aeronautical services and facilities and security services and facilities at the airport in the financial year;
a proposed calculation of the regulated asset base, non-aeronautical asset base, and security asset base, respectively, as of the end of the preceding financial year;
a progress report of either items of material capital expenditure or significant capital expenditure, or both, for the preceding regulatory period;
a summary calculation of actual aeronautical revenue yield for the preceding financial year;
an explanation of the allocation of costs to aeronautical services and facilities, non-aeronautical services and facilities and security services and facilities, respectively, including the details of the methodology of allocating such costs;
the prices for aeronautical charges within the meaning of sections 51 and 52 of the Act; and
operating statistics for the preceding financial year, including the number of passengers landing at or departing from the airport, the number of connecting passengers, cargo tonnage and the number of aircraft movements at the airport.
Subregulation 1A
Where the circumstances make it inappropriate or impractical for the airport licensee for an airport to prepare under paragraph (1), any account, report, calculation, explanation, price or statistic for a particular financial year, the Authority may waive any requirement under paragraph (1).
Subregulation 2
The accounts or consolidated accounts referred to in paragraph (1) for any financial year must show the matters described in rule 22(3) of the Civil Aviation Authority of Singapore (Price Control of Aeronautical Charges) Rules 2009 (G.N. No. S 298/2009) in relation to that financial year.
Subregulation 2A
Where the pricing of aeronautical services and facilities provided by the airport licensee for an airport is an approved tariff, the accounts or consolidated accounts referred to in paragraph (1) for any financial year must show the costs incurred (including the costs associated with maintenance and repair), the revenue earned and the assets utilised in relation to the provision and use of the services at the airport for which an approved tariff is in force in the financial year, including those recovered directly or indirectly from airlines and other airport users.
Subregulation 3
For the purpose of paragraph (2) —
the accounts and director’s reports for an airport licensee for an airport must —
include the financial reports for all subsidiaries and related corporations of the airport licensee providing aeronautical services and facilities, non-aeronautical services and facilities and security services and facilities at the airport; and
as far as practicable, include the financial reports for all other persons providing aeronautical services and facilities, non-aeronautical services and facilities and security services and facilities at the airport as if those persons were subsidiaries or related corporations of the airport licensee; and
the costs and revenue for the provision and use of aeronautical services and facilities for an airport licensee must include those recovered directly or indirectly from airlines and persons who provide airport services and facilities under an agreement with the airport licensee.
Subregulation 4
The accounts and statements required under paragraph (1) are in addition to and must not be inconsistent (but must be reconciled) with any report prepared under the Companies Act 1967, and must not be consolidated with those of any other company.
Subregulation 5
In this regulation —
Definition
“accounting standards” means the accounting standards made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007 and applicable to the airport licensee;
Definition
“subsidiary” and “related corporation” have the same respective meanings assigned in the Companies Act 1967.