The Basic Law for Postal Services1, as applicable to the financial years in question, gave ICP-ANACOM, as regulatory authority for the postal sector2, authority to approve and oversee the correct application3 of the AAS which CTT is obliged to use4 as providers of the universal service. ICP-ANACOM is also required to publish an annual declaration attesting to the conformity of the AAS and of the results obtained.
Under the postal sector's regulatory framework, ICP-ANACOM defined principles to govern the development of the AAS to be implemented by CTT, seeking to determine revenues and costs (direct and indirect) with regard to each of the reserved and non-reserved services and separation of costs associated with the various basic operations comprising postal services (acceptance, processing, transport and distribution).
6.3.1. Analytical Accounting System (AAS) of CTT - Correios de Portugal, S.A. (CTT) with reference to the 2009 financial period
Based on the conclusions of the audit of the results of the AAS used by CTT for the 2009 financial period, by determination of 13 December 2012, ICP-ANACOM decided to grant CTT a period of 15 working days to comment on the AAS's declaration of conformity with reference to 2007 and on the determinations to be issued by ICP-ANACOM with a view to improve the AAS.
6.3.2. Cost of Capital of CTT - Correios de Portugal, S.A. (CTT) to be applied to the analytical accounting system (AAS) of 2011
On 4 October 2012, following the prior hearing of CTT, ICP-ANACOM approved a decision on the review of the calculation of the cost of capital of CTT, applicable to the 2011 financial period, ordering the company to reformulate and resubmit, within a period not exceeding 10 working days, the results of the ASC and other related information, with reference to 2011, assuming a cost of capital rate of 14.77%.
This information was submitted by CTT within the stipulated deadline and is currently being examined.
1 Law no. 102/99 of 26 July, as amended by Decree-Law no. 112/2003 of 12 June (subsequently repealed on 26 April 2012, by Law no. 17/2012).
2 Paragraph 2 of article 18 of Law no. 102/99 of 26 July.
3 Paragraph 2 of article 19 of Law no. 102/99 of 26 July.
4 Paragraph 1 of article 19 of Law no. 102/99 of 26 July and paragraph of Base XIII of Decree-Law no. 448/99 of 4 November.
