39LTo comply with paragraph 39K, an insurer shall disclose:

39L To comply with paragraph 39K, an insurer shall disclose:
(a) the fact that it is applying the overlay approach;
(b) the carrying amount at the end of the reporting period of financial assets to which the insurer applies the overlay approach by class of financial asset;
(c) the basis for designating financial assets for the overlay approach, including an explanation of any designated financial assets that are held outside the legal entity that issues contracts within the scope of this Standard;
(d) an explanation of the total amount reclassified between profit or loss and other comprehensive income in the reporting period in a way that enables users of financial statements to understand how that amount is derived, including:
(i) the amount reported in profit or loss for the designated financial assets applying AASB 9; and
(ii) the amount that would have been reported in profit or loss for the designated financial assets if the insurer had applied AASB 139.
(e) the effect of the reclassification described in paragraphs 35B and 35M on each affected line item in profit or loss; and
(f) if during the reporting period the insurer has changed the designation of financial assets:
(i) the amount reclassified between profit or loss and other comprehensive income in the reporting period relating to newly designated financial assets applying the overlay approach (see paragraph 35F(b));
(ii) the amount that would have been reclassified between profit or loss and other comprehensive income in the reporting period if the financial assets had not been de-designated (see paragraph 35I(a)); and
(iii) the amount reclassified in the reporting period to profit or loss from accumulated other comprehensive income for financial assets that have been de-designated (see paragraph 35J).
39M If an entity applied the overlay approach when accounting for its investment in an associate or joint venture using the equity method, the entity shall disclose the following, in addition to the information required by AASB 12:
(a) the information described by paragraphs 39K–39L for each associate or joint venture that is material to the entity. The amounts disclosed shall be those included in the Australian-Accounting-Standards financial statements of the associate or joint venture after reflecting any adjustments made by the entity when using the equity method (see paragraph B14(a) of AASB 12), rather than the entity’s share of those amounts.
(b) the quantitative information described by paragraphs 39K–39L(d) and 39L(f), and the effect of the reclassification described in paragraph 35B on profit or loss and other comprehensive income in aggregate for all individually immaterial associates or joint ventures. The aggregate amounts:
(i) disclosed shall be the entity’s share of those amounts; and
(ii) for associates shall be disclosed separately from the aggregate amounts disclosed for joint ventures.

Effective date and transition