04.04.2025

ANCOM has launched for public consultation a draft decision that establishes the requirements regarding the content of the methodology for developing a separate accounting system that are applicable to CNPR, as a universal service provider in the field of postal services. The draft also details the CNPR’s obligations regarding the development of an internal cost accounting system and the preparation of separate financial statements, as well as the conditions for auditing by an independent auditor.

This regulation follows the designation of CNPR as a universal service provider in the field of postal services for a period of 5 years, respectively 1 January 2025 – 31 December 2029. According to the designation decision, the CNPR has the obligation to implement and develop an internal cost recording system that is sufficiently detailed to identify the cost of the individual provision of postal services within the scope of universal service and to highlight the activities that are within the scope of universal service from those outside the scope of universal service.

Methodology for the development of the separate accounting system

This methodology describes the methods, principles, assumptions and data sources used to prepare the separate financial statements.

The methodology will present the services included in each of the three business segments, namely services within the scope of universal service, other postal services, other non-postal services. The general accounting principles and policies will also be described, including the principles of highlighting income and expenditure, as well as assets and liabilities in the profit and loss account, on the balance sheet. Moreover, taking into account the provisions regarding the net cost related to the provision of services within the scope of universal service contained in ANCOM Decision no. 810/2024, the methodology must include a detailed description of the methods for allocating costs and revenues by cost centers.

Separate financial statements

Based on the methodology, CNPR will annually prepare separate financial statements to include: the situation of the average capital committed by business segments, the individual revenues and expenses and the profit recorded by the postal services within the scope of universal service, the profit and loss account by business segments, respectively by cost centers, as well as the reconciliation of these financial statements with the statutory annual statements.

The value of the weighted average cost of capital related to services within the scope of universal service will be established by ANCOM based on a CAPM (Capital Asset Pricing Model).

The separate financial statements will be audited by an independent auditor, and the audit report will be submitted to ANCOM together with the separate financial statements.

Public consultation process

The draft decision on the conditions for preparing and auditing separate financial statements by the National Company "Posta Romana" – S.A. is available, in Romanian, here. Interested entities are invited to submit comments and proposals by 05 May 2025, at ANCOM's headquarters (2 Delea Noua Street, sector 3, Bucharest), by the Online Registry or through the regional divisions of the Authority. Comments can also be sent by fax to +40 372 845 402 or by e-mail to consultare@ancom.ro.

 

 

Information

The postal services within the scope of the universal service are: a) clearance, sorting, transport and delivery of domestic and international postal items weighing up to and including 2 kg for items of correspondence (except for bulk items of correspondence), printed matter (except bulk printed matter) and small packages, as provided for in the Universal Postal Convention and the Letter Post Regulations (except for bulk small packages); b) clearance, sorting, transport and delivery of domestic and international postal parcels, weighing up to and including 10 kg (except for bulk parcels); c) distribution of postal parcels weighing between 10 kg and (including) 20 kg sent from outside the territory of Romania to an address located on its territory; d) registered items service for domestic and international postal items weighing up to and including 2 kg referred to in letter a); e) insured items service for domestic and international postal items weighing up to and including 2 kg provided for in letter a); domestic and international postal parcels weighing up to 10 kg (inclusive) except for parcels in large numbers, postal parcels with weight limits between 10 and 20 kg (inclusive) sent from outside the territory of Romania to an address located on its territory; f) clearance, sorting, transport and delivery of domestic and international cecograms; g) delivery of pay slips for social welfare rights and information documents issued by the National House of Public Pensions to the beneficiaries' homes - where they have opted for payment in a current account or in a card account, regardless of the number of postal items subject to this service.