Costing manual

Status
Past review
Final report
12/08/2016

2019 Costing manual

The costing manual sets out how Aurizon Network will prepare the annual below-rail financial statements for its regulated services. The below-rail financial statements may inform the QCA’s review of Aurizon Network’s draft access undertakings, but they do not determine the maximum allowable revenue.

The QCA has approved Aurizon Network’s proposed amendments to the 2016 costing manual. The updated manual forms the 2019 costing manual. Aurizon Network will use this manual to prepare its 2018­–19 below-rail financial statements.

Date Action
May 2019 Aurizon Network submitted amendments to the costing manual
June 2019 The QCA approved the amendments and published the 2019 costing manual

Report and papers

Date
Title Document
20 June 2019 Final report QCA – Letter of approval pdf, 171.48 Kb
20 June 2019 Submission Aurizon Network – 2019 costing manual pdf, 417.01 Kb

2016 Costing manual

On 8 December 2016, the QCA approved the draft costing manual proposed by Aurizon Network. The draft manual, submitted on 28 October 2016, sets out how Aurizon Network will prepare its below-rail financial statements.

The QCA received two submissions on the draft manual, which are available below, as are the approved costing manual and a letter to Aurizon Network confirming the approval.

The cost allocation manual sets out the accounting procedures to be applied by Aurizon Network to provide information on costs and revenues for its declared services.

The below-rail statements prepared and audited in compliance with the costing manual may inform the review of Aurizon Network’s draft access undertakings, but they do not determine the maximum allowable revenue.

Aurizon Network submitted a proposed costing manual in July 2015. We sought stakeholder comments, particularly on the level and type of information stakeholders consider needs to be provided in the financial statements and how this should be articulated in the costing manual.

The review of the costing manual did not affect the UT4 maximum allowable revenue.

We received initial submissions on Aurizon Network’s July 2015 costing manual from Anglo American, the Queensland Resources Council and Vale in October and November 2015. The submissions can be accessed below.

Revised draft

Aurizon Network on 28 October 2016 submitted a revised draft costing manual for the QCA to consider under section 159 of the QCA Act.

It was anticipated that the costing manual, once approved by the QCA, would be used to prepare regulatory financial statements for 2013-14, 2014–15 and 2015–16. The manual might also be used for 2016-17 accounts for Aurizon Network’s declared service.

Stakeholders were invited to comment on the proposed costing manual by 24 November 2016.

Report and papers

Date
Title Document
08 December 2016 Final report QCA – Letter re Approval of AN costing manual – Dec 2016 pdf, 312.93 Kb
08 December 2016 Submission Aurizon Network costing manual – Dec 2016 pdf, 274.49 Kb
Date
Title Document
24 November 2016 Submission PN – Submission re AN costing manual – Nov 2016 pdf, 1.28 Mb
24 November 2016 Submission QRC – Submission re AN costing manual – Nov 2016 pdf, 63.57 Kb
Date
Title Document
02 November 2016 Submission Aurizon Network – Proposed Costing Manual October 2016 pdf, 274.49 Kb
31 October 2016 Submission Aurizon Network – Letter re-Approval of Revised Costing Manual pdf, 1.53 Mb
Date
Title Document
30 November 2015 Submission Vale submission pdf, 2.51 Mb
30 November 2015 Submission Anglo American submission pdf, 54.35 Kb
20 October 2015 Submission QRC submission pdf, 100.11 Kb
Date
Title Document
31 July 2015 Submission AN Revised Costing Manual 2014 – summary of key changes pdf, 78.00 Kb
31 July 2015 Submission AN Revised Costing Manual 2014 – tracked pdf, 342.61 Kb