Air navigation service providers, whatever their system of ownership or legal form, shall draw up, submit to audit and publish their financial accounts. These accounts shall comply with F1international accounting standards within the meaning of Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (see Article 2 of that Regulation). Where, owing to the legal status of the service provider, full compliance with the international accounting standards is not possible, the provider shall endeavour to achieve such compliance to the maximum possible extent.

In all cases, air navigation service providers shall publish an annual report and regularly undergo an independent audit.

When providing a bundle of services, air navigation service providers shall identify and disclose the costs and income deriving from air navigation services F3... and, where appropriate, shall keep consolidated accounts for other, non-air-navigation services, as they would be required to do if the services in question were provided by separate undertakings.

F4The national supervisory authority shall have a right of access to the accounts of service providers that provide services within the airspace under F5the responsibility of the United Kingdom.

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