Member

This amendment is not complex or onerous, but it is vital. It requires simply that water companies report annually on their financial structuring, debt levels and any associated risks. Experience shows that such changes need to be explicitly highlighted in plain language. This will ensure that such alterations or liabilities are surfaced in a timely way and do not slip past, as they have done hitherto, perhaps buried in the financial reporting back pages, or simply not understood by anyone other than a forensic accountant with the time and enthusiasm to unpick the details.