Premiums Received - cashflow basis (as aPremiums Received - cashflow basis (as a proxy the basis required by AASB 1026 can be used)

Premiums Received - cashflow basis (as a proxy the basis required by AASB 1026 can be used)

This is the amount of premiums actually received over the reporting period (on a year to date basis). Do not include premium revenue that has been included as revenue on an accrual basis. It is to be reported in aggregate for direct written business and reinsurance business.

This relates to all premiums received on a cashflow basis in the current financial year, regardless of the financial year in which the premium may have been recognised as revenue (i.e. a prior financial year).