Home  Journals  International Accounting  8(470) - 2020 August

Improving the integrated reporting of electric-power industry companies

Received: 9 July 2020

Received in revised form: 16 July 2020

Accepted: 20 July 2020

Available online: 14 August 2020

Subject Heading: INTERNATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: M40, М41

Pages: 922–939

https://doi.org/10.24891/ia.23.8.922

Subject. This article deals with the issues relating to improving integrated reporting in terms of dovetailing strategic objectives with capital changes.
Objectives. The article aims to develop a system of indicators for disclosure of capital types in integrated reporting of electricity generating companies, as well as recommendations aimed at implementing the fundamental concepts and guiding principles of integrated reporting.
Methods. For the study, we used the methods of analysis and synthesis, comparison, generalization, and abstraction. As a case study, we conduct a comparative analysis of the disclosure of six types of capital by the largest electricity generating companies, namely PAO Inter RAO, AO Rosenergoatom and PAO RusHydro.
Results. The article formulates proposals for disclosure of capital information to address such a lack of accountability as a contradiction to the principle of coherence. It proposes a system of indicators (core and additional) for disclosure of six types of capital by electricity generating companies.
Conclusions. A significant reporting problem is the lack of correlation between key strategic objectives and capital changes. The formulated recommendations for disclosure of capital information can help solve this problem, and increase the attractiveness of the integrated report for capital providers.

Keywords: integrated reporting, principle of coherence, KPI, key performance indices, strategic orientation

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