Descriptive report of the regulatory accounting of PT Comunicações (financial years 2004 and 2005)

Following the audits of the analytical accounting system (AAS) of PT Comunicações, S.A. (PTC), with reference to the financial years 2004 and 2005, BDO bdc & Associados, SROC, Lda. (BDO) has prepared a descriptive report concerning the AAS of PTC.

ANACOM, taking into consideration:

(i) paragraph 2 of article 76 of Law No. 5/2004 of 10 February, according to which "operators upon whom the NRA imposes the obligation of implementing cost accounting systems shall make public the respective description, showing at least the main categories under which costs are grouped and the rules used for the allocation of costs"; and

(ii) annex to Recommendation 2005/698/EC (Guidelines on reporting requirements and publication of information) which states that "Regulatory accounting information serves national regulatory authorities and other parties that may be affected by regulatory decisions based on that information, such as competitors, investors and consumers. In this context, publication of information may contribute to an open and competitive market and also add credibility to the regulatory accounting system",

the descriptive report of the AAS of PTC is published on this page, with proper exclusion of items considered confidential.