Unit of account (AASB 20_09-26)

An entity shall account for the right or obligation arising from an individual difference in timing – or from a group of differences in timing that are created by the same regulatory agreement, have similar expiry patterns and are subject to similar risks – as a single unit of account.

An entity is permitted to apply paragraph B37 to determine an individual difference in timing arising from part or all of the regulatory return that is treated as compensation for capitalised borrowing costs. An entity shall apply paragraph B66 to determine an individual difference in timing arising from regulatory depreciation of a regulatory capital base that has a direct relationship with depreciable or amortisable assets (as described in paragraph B64).