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Financial Sector (Collection of Data) (reporting standard) determination No. 116 of 2023
SS
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S
| Surplus distributed to benefit fund members as declared bonus | This is the amount of surplus distributed to benefit fund members as declared bonus, which is added to the guaranteed benefits of members who remain in-force at the end of the reporting period. |
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| Surplus distributed to benefit fund members as interim or terminal bonus | This is the amount of surplus distributed to benefit fund members as interim or terminal bonus, which is added to the benefits of members who exited the fund during the reporting period. |
T
| Tax on investment earnings and capital gains | This is the total tax expense (including deferred tax) on investment earnings and capital gains earned by the assets within the fund. This is net of tax deduction on investment management expenses. |
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U
| Unallocated surplus - regulatory capital self-supporting level | This is the amount of unallocated surplus at which prescribed LAGIC stresses are absorbed entirely. |
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| Unallocated benefit reserve | For defined benefit business, this includes:surplus that will be distributed to the management fund under the approved benefit fund rules; andsurplus that may be distributed to the management fund (or another benefit fund) or used for benefit enhancement under the approved benefit fund rules.This does not apply to defined contribution business.This forms part of accounting equity. |
| Unallocated distributable surplus | This is the maximum amount of unallocated surplus that could be immediately distributed to benefit fund members without causing a breach of the capital adequacy standards. |
| Unallocated surplus | This is excess assets over guaranteed benefits after distributions to benefit fund members. This does not include amounts that were allocated to unallocated benefit reserve. |