Financial Sector (Collection of Data) (reporting standard) determination No. 110 of 2023
Item 11: Impairment of assets for insuraItem 11: Impairment of assets for insurance acquisition cash flows
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Item 11: Impairment of assets for insurance acquisition cash flows
Item 11
Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Item 12: Reversal of impairment of assets for insurance acquisition cash flows
Item 12
Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Item 13: Net income (expenses) from reinsurance contracts held
Item 13
Item 13, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 4, and items 8 to 12 inclusive.
Item 14: Effect of changes in non-performance risk of reinsurers
Item 14
Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure.
Item 15: Finance income from reinsurance contracts held
Item 15
Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure.
Item 16: Effect of movements in exchange rates
Item 16
Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 17: Total amounts recognised in the statement of profit or loss and OCI
Item 17
Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive.
Cash flows
Report items 18-21 based on AASB 17.98 and 17.105 (a) requirements.
Item 18: Premiums paid
Item 18
Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.
Item 19: Amounts received
Item 19
Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure.
Item 20: Insurance acquisition cash flows
Item 20
Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.
Item 21: Total cash flows
Item 21
Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive.
Items 22-25: Other movements in the net balance
Item 22
Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.
Item 23
Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 24
Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 25
Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.
Item 26: Net balance as at end of reporting period
Item 26
Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25.
Item 27: Closing reinsurance contract assets
Item 27
Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 28: Closing reinsurance contract liabilities
Item 28
Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 29: Net balance as at end of reporting period
Item 29
Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28.
Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances
For contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.
Report zero values for line items if they are not applicable.
Column 1
Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.
Column 2
Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.
Column 3
Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.
Column 4
Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.
Item 1: Opening reinsurance contract assets
Item 1
Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 2: Opening reinsurance contract liabilities
Item 2
Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 3: Net balance as at beginning of reporting period
Item 3
Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2.
Changes in the statement of profit or loss and OCI
Items 4-7: Changes that relate to current services
Item 4
Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.
Item 5
Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure.
Item 6
Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.
Item 7
Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.
Items 8-12: Changes that relate to future services
Item 8
Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.
Item 9
Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure.
Item 10
Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.
Item 11
Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).
Item 12
Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.
Item 13: Changes that relate to past services - changes to assets for incurred claims
Item 13
Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure.
Item 14: Net income (expenses) from reinsurance contracts held
Item 14
Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, item 12 and item 13.
Item 15: Effect of changes in non-performance risk of reinsurers
Item 15
Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure.
Item 16: Finance income (expenses) from reinsurance contracts held
Item 16
Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure.
Item 17: Effect of movements in exchange rates
Item 17
Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 18: Total amounts recognised in the statement of profit or loss and OCI
Item 18
Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive.
Cash flows
Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.
Item 19: Premiums paid
Item 19
Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.
Item 20: Amounts received
Item 20
Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure.
Item 21: Total cash flows
Item 21
Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20.
Items 22-24: Other movements in the net balance
Item 22
Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 23
Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 24
Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.
Item 25: Net balance as at end of reporting period
Item 25
Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24.
Item 26: Closing reinsurance contract assets
Item 26
Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 27: Closing reinsurance contract liabilities
Item 27
Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 28: Net balance as at end of reporting period
Item 28
Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.
Subdivision Item 11: Impairment of assets for insura - Financial Sector (Collection of Data) (reporting standard) determination No. 110 of 2023 - Item 11: Impairment of assets for insurance acquisition cash flows | Zoe