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Transparency and Application of IAS 20 by the European Air Navigation Services Providers

Transparentnost a aplikace IAS 20 v podmínkách evropských poskytovatelů letových provozních služeb

Luboš Hlinovský

Český finanční a účetní časopis, 2019, vol. 2019, issue 1, 51-63

Abstract: The Air Navigation Service Providers (ANSP) are monopolistic companies, subject to regulation. The EU regulation 550/2004 requires that ANSP shall comply with the international accounting standards. The majority of European ANSPs draws the grants of the SESAR project. IAS 20 sets the rules for accounting for government grants. The subject of this article is transparency, obeying the rules of the EU Regulation 550/2004 and publishing the information according to IAS 20 in the years 2015-2017, when the ANSPs drew significant amounts from the government grants. The aim of the article is to research how the requirements of transparency of both legal documents are obeyed, with special regard to impact of grants to price setting of ANSPs. The annual reports of 17 ANSPs, members of A6 alliance were subject of this research. The outcomes of the research are that these rules are obeyed in quite a low extent, that the form and content of the annual reports are very diverse and thus the effects of the regulations, stemming from the programme Single European Sky is low.

Keywords: Regulation; Transparency; Grants; Regulace; Transparentnost; Dotace (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2019
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Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3

DOI: 10.18267/j.cfuc.526

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