Gas Pipeline Uniform Accounting Regulations

8 (1) Income accounts, set out in Schedule II as account series 300 to 341, shall show a summary of a company’s revenue, expenses and extraordinary items.

(2) A company shall inform the Board of all extraordinary items and shall record them in account 331 (Extraordinary Income) or account 341 (Extraordinary Income Deductions), as applicable.

(3) A company’s net balance of income or loss shall be transferred to retained earnings at the end of each fiscal year.

(4) In this section, extraordinary item means material gain or loss that is not typical of a company’s normal business activities, is not expected to occur regularly over a period of years and would not be considered a recurring factor in any evaluation of the ordinary operating process of the company.