Division Columns for private health insurers - Financial Sector (Collection of Data) (reporting standard) determination No. 109 of 2023 - Columns for private health insurers | Zoe
Financial Sector (Collection of Data) (reporting standard) determination No. 109 of 2023
Columns for private health insurersColumns for private health insurers
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Report the amount for the HBF by HIB.This column does not apply to items 8 – 44 inclusive.
Column 2
Report the amount for the HBF by HRB.This column does not apply to items 8 – 44 inclusive.
Column 3
Items 1 to 7 inclusive:Column 3 is a derived column for Items 1 to 7 inclusive, and is calculated as the sum of column 1 and column 2.Items 8 to 44 inclusive:Report the amount for the HBF for items 8 to 44 inclusive (excluding the derived items).
Column 4
Report the amount for the general fund (GF).Report nil amounts if the private health insurer (PHI) does not have a GF.
Column 5
Column 5, PHI, is a derived column and is calculated as the sum of column 3 and column 4.
Insurance revenue
Item 1
Item 1, total insurance revenue, is a derived item and is calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.82 (a) (ii) Disclosure, AASB 17.80 (a) and AASB 17.83.
Item 1.1
Item 1.1, insurance revenue from direct business, is a derived item and is calculated as the sum of items 1.1.1 to 1.1.3 inclusive.
Item 1.1.1
Column 1, Column 2 and Column 4:Report insurance revenue from direct business for contracts that existed at the transition date to which the entity has applied the modified retrospective approach.Column 3:Item 1.1.1 is a derived item and is calculated as the sum of column 1 and column 2.
Item 1.1.2
Column 1, Column 2 and Column 4:Report insurance revenue from direct business for contracts that existed at the transition date to which the entity has applied the fair value approach.Column 3:Item 1.1.2 is a derived item and is calculated as the sum of column 1 and column 2.
Item 1.1.3
Column 1, Column 2 and Column 4:Report insurance revenue from direct business for all other contracts.Column 3:Item 1.1.3 is a derived item and is calculated as the sum of column 1 and column 2.
Item 1.2
Item 1.2 insurance revenue from inwards reinsurance business is a derived item and is calculated as the sum of items 1.2.1 to 1.2.3 inclusive.
Item 1.2.1
Column 1, Column 2 and Column 4:Report insurance revenue from inwards reinsurance business for contracts that existed at the transition date to which the entity has applied the modified retrospective approach.Column 3:Item 1.2.1 is a derived item and is calculated as the sum of column 1 and column 2.
Item 1.2.2
Column 1, Column 2 and Column 4:Report insurance revenue from inwards reinsurance business for contracts that existed at the transition date to which the entity has applied the fair value approach.Column 3:Item 1.2.2 is a derived item and is calculated as the sum of column 1 and column 2.
Item 1.2.3
Column 1, Column 2 and Column 4:Report insurance revenue from inwards reinsurance business for all other contracts.Column 3:Item 1.2.3 is a derived item and is calculated as the sum of column 1 and column 2.
Insurance service expense
Item 2
Item 2, total insurance service expense, is a derived item calculated as the sum of item 2.1 and item 2.2.Report this item in accordance with AASB 101.82 (ab) Disclosure, AASB 17.80 (a) and AASB 17.84.
Item 2.1
Item 2.1, insurance service expense from direct business, is a derived item and is calculated as the sum of items 2.1.1 to 2.1.6 inclusive.
Item 2.1.1
Column 1, Column 2 and Column 4:Report incurred claims from direct business. The amount reported at this item is net of Risk Equalisation Special Account (RESA) recoveries/payments.Column 3:Item 2.1.1 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.2
Column 1, Column 2 and Column 4:Report other insurance service expenses from direct business.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59(a) at this item.Column 3:Item 2.1.2 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.3
Column 1, Column 2 and Column 4:Report amortisation of insurance acquisition cash flows from direct business.Column 3:Item 2.1.3 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.4
Column 1, Column 2 and Column 4:Report losses and reversal of losses on onerous contracts from direct business.Report this item in accordance with AASB 17.47-52.Column 3:Item 2.1.4 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.5
Column 1, Column 2 and Column 4:Report changes that relate to past service: changes to liabilities for incurred claims from direct business.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.Column 3:Item 2.1.5 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.6
Column 1, Column 2 and Column 4:Report impairment losses/reversals on assets for insurance acquisition cash flows from direct business.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.Column 3:Item 2.1.6 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2
Item 2.2, insurance service expenses from inwards reinsurance, is a derived item and is calculated as the sum of items 2.2.1 to 2.2.6 inclusive.
Item 2.2.1
Column 1, Column 2 and Column 4:Report incurred claims from inwards reinsurance.Column 3:Item 2.2.1 is a derived item and is calculated as the sum of column 1 and column 2.
Insurance service result before reinsurance contracts held
Item 3
Item 3, insurance service result before reinsurance contracts held, is a derived item and is calculated as the sum of item 1 and item 2.
Allocation of reinsurance premiums
Item 4
Column 1, Column 2 and Column 4:Report allocation of reinsurance premiums.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at item 5.Report this item in accordance with AASB 17.86.Column 3:Item 4 is a derived item and is calculated as the sum of column 1 and column 2.
Amounts recoverable from reinsurers
Item 5
Column 1, Column 2 and Column 4:Report amounts recoverable from reinsurers. Include at this item reversals of recoveries of losses from the reinsurance contracts determined in accordance with AASB 17.66B for reinsurance contracts held.Report this item in accordance with AASB 17.86.The amount reported at this item should reconcile to item 8 Amounts recoverable from reinsurers reported in Reporting Standard HRS 320.0 Liability Roll Forwards, at Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent) Liability Roll Forward 1 – Reconciliation of the remaining coverage and incurred claims (HRS 320.0, Part B RF1).Column 3:Item 5 is a derived item and is calculated as the sum of column 1 and column 2.
Net expense from reinsurance contracts held
Item 6
Item 6, net expense from reinsurance contracts held, is a derived item and is calculated as the sum of item 4 and item 5. This item can be a net income or net expense.Report this item in accordance with AASB 17 Appendix A, AASB 101.82 (ac), AASB 17.82 and AASB 17.86.
Insurance service result
Item 7
Item 7, insurance service result, is a derived item and is calculated as the sum of item 3 and item 6.Report this item in accordance with AASB 17.80 (a).
Interest revenue calculated using the effective interest method
Item 8
Report interest revenue calculated using the effective interest method.Report this item in accordance with AASB 101.82 (a) (i) and AASB 9 Appendix A.This item only needs to be reported in Column 3 and Column 4.
Other interest and similar income
Item 9
Report other interest and similar income. Include income that is not reported at item 8 and items 10 to 16.This item only needs to be reported in Column 3 and Column 4.
Net gains/losses on financial assets at fair value through profit or loss
Item 10
Report net gains/losses on financial assets at fair value through profit or loss.Report this item in accordance with AASB 132.11 and AASB 7.20 (a) (i).This item only needs to be reported in Column 3 and Column 4.
Net gains/losses on derecognition of financial assets measured at fair value through other comprehensive income
Item 11
Report net gains or losses on derecognition of financial assets measured at fair value through other comprehensive income.Report this item in accordance with AASB 132.11 and AASB 7.20 (a) (viii).This item only needs to be reported in Column 3 and Column 4.
Net gains/(losses) on derecognition of financial assets measured at amortised cost
Item 12
Report net gains/(losses) on derecognition of financial assets measured at amortised cost.Report this item in accordance with AASB 132.11 and AASB 101.82 (aa).This item only needs to be reported in Column 3 and Column 4.
Impairment loss on financial assets
Item 13
Report impairment loss on financial assets.Report this item in accordance with AASB 9 Appendix A, AASB 132.11 and AASB 101.82 (ba).This item only needs to be reported in Column 3 and Column 4.
Net gains from fair value adjustments to investment properties
Item 14
Report net gains from fair value adjustments to investment properties.Report this item in accordance with AASB 140.5 and AASB 140.76 (d).This item only needs to be reported in Column 3 and Column 4.
Net foreign exchange income / expense
Item 15
Report net foreign exchange income or expense.Report this item in accordance with AASB 121.52 (a) Common practice.This item only needs to be reported in Column 3 and Column 4.
Total investment result
Item 16
Item 16, total investment result, is a derived item and is calculated as the sum of items 8 to 15 inclusive.
Insurance finance expenses for insurance contracts issued
Item 17
Report insurance finance expenses for insurance contracts issued. This item can be a net income or net expense.Report this item in accordance with AASB 17.87 and AASB 17 Appendix A.This item only needs to be reported in Column 3 and Column 4.
Reinsurance finance income for reinsurance contracts held
Item 18
Report reinsurance finance income for reinsurance contracts held. This item can be a net income or net expense.Report this item in accordance with AASB 17.82 and AASB 17 Appendix A.Insurers shall disclose the Effect of changes in non-performance risk of reinsurers as reported in HRS 320.0 Part B RF1, item 14 at this line item.This item only needs to be reported in Column 3 and Column 4.
Net insurance financial result through profit or loss
Item 19
Item 19 is a derived item and is calculated as the sum of item 17 and item 18. This item can be a net income or net expense.
Asset management services revenue
Item 20
Report asset management services revenue. This includes revenue from investment management services accounted for in accordance with AASB 15.Report this item in accordance with AASB 15.113 (a) Disclosure and AASB 15.114 Disclosure.This item only needs to be reported in Column 3 and Column 4.
Share of profit/loss of associates and joint ventures accounted for using the equity method
Item 21
Report the share of profit or loss of associates and joint ventures accounted for using the equity method.Report this item in accordance with AASB 101.82 (c) and AASB 128.3.This item only needs to be reported in Column 3 and Column 4.
Profit/loss from non-current assets and disposal groups classified as held for sale and not qualifying as discontinued operations
Item 22
Report the profit or loss from non-current assets and disposal groups classified as held for sale and not qualifying as discontinued operations.This item only needs to be reported in Column 3 and Column 4.
Impairment loss for goodwill
Item 23
Report impairment loss for goodwill.Report this item in accordance with AASB 138.8, AASB 3 Appendix A and AASB 3.B67 (d).This item only needs to be reported in Column 3 and Column 4.
Other income
Item 24
Report other income that is not reported elsewhere in the Reporting Standard; including income from contracts outside the scope of AASB 17 (including AASB 15 Revenue from Contracts with Customers) under this item. Revenue from investment management services is to be reported at item 21.This item only needs to be reported in Column 3 and Column 4.
Other finance costs
Item 25
Report other finance costs.Report this item in accordance with AASB 101.82 (b) and includes the interest expense on lease liabilities (based on AASB 16.49 and AASB 16.53 (b)).This item only needs to be reported in Column 3 and Column 4.
Other expenses
Item 26
Report other expenses. Additionally, include expenses from contracts outside the scope of AASB 17 under this item.This item only needs to be reported in Column 3 and Column 4.
Profit/loss from continuing operations before tax
Item 27
Item 27 is a derived item and is calculated as the sum of items 7, 16, and items 19 to 26 inclusive.Report this item in accordance with AASB 101.81A (a) Disclosure.
Income tax expense from continuing operations
Item 28
Report income tax expense from continuing operations.Report this item in accordance with AASB 101.82 (d) and AASB 112.77.This item only needs to be reported in Column 3 and Column 4.
Profit/loss for the year from continuing operations after income tax
Item 29
Item 29 profit/loss for the year from continuing operations after income tax is a derived item and is calculated as the sum of item 27 and item 28.Report this item in accordance with AASB 101.81A.
Profit/loss from discontinued operations after income tax
Item 30
Report profit or loss from discontinued operations after income tax.Report this item in accordance with AASB 101.82 (ea).This item only needs to be reported in Column 3 and Column 4.
Profit (loss) after income tax attributable to members of the company
Item 31
Item 31 profit (loss) after income tax attributable to members of the company is a derived item and is calculated as the sum of item 29 and item 30.Report this item in accordance with AASB 101.81B (a) (ii).
Item 2.2.2
Column 1, Column 2 and Column 4:Report other insurance service expenses from inwards reinsurance.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59 (a) at this item.Column 3:Item 2.2.2 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.3
Column 1, Column 2 and Column 4:Report amortisation of insurance acquisition cash flows from inwards reinsurance.Column 3:Item 2.2.3 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.4
Column 1, Column 2 and Column 4:Report losses and reversal of losses on onerous contracts from inwards reinsurance.Report this item in accordance with AASB 17.47-52.Column 3:Item 2.2.4 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.5
Column 1, Column 2 and Column 4:Report changes that relate to past service: changes to liabilities for incurred claims from inwards reinsurance.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.Column 3:Item 2.2.5 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.6
Column 1, Column 2 and Column 4:Report impairment losses/reversals on assets for insurance acquisition cash flows from inwards reinsurance.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.Column 3:Item 2.2.6 is a derived item and is calculated as the sum of column 1 and column 2.