05.07.2009
A liability in the balance sheet representing the additional income taxes that would have been due if a utility had not been allowed to compute tax expenses differently for income tax reporting purposes than for ratemaking purposes
Most O&G companies nowadays all adopt principles of CR, which is a widely used term open to many interpretations. In principle, the term describes a company’s core approach to doing business with the stated aim to adhere to the highest standards of business conduct, world-class treatment of staff and contractors, good relationships with communities and host countries and exemplary environmental performance.