Regulatory accounts

Network Rail's regulatory accounts provide information on Network Rail's financial performance on a regulatory basis.

CP5 Regulatory accounting guidelines

These are the regulatory accounting guidelines for CP5. A key objective of these guidelines is to establish regulatory financial statements that are consistent with the regulatory framework established by our 2013 periodic review ('PR13') determination. Network Rail's CP5 regulatory accounts will be prepared in accordance with these guidelines unless an updated version of the guidelines is issued.

CP4 Regulatory accounting guidelines

These are the regulatory accounting guidelines for the final year of CP4, 2013-14. Our 2013-14 guidelines have been only updated to reflect changes in the inflation rates and to give further clarity over disclosure requirements. The guidelines are consistent with the regulatory framework established by our 2008 periodic review (PR08) determination.

Key points

Network Rail's regulatory accounts are the primary source of information about the company's regulatory financial position and performance.

Their main purpose is to inform the determination of access charges and to monitor compliance with the most recent review of access charges.

This enables robust financial monitoring of Network Rail and is useful to us, funders and other interested parties for these purposes.

Previous regulatory accounting guidelines

Further information