Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2009 - LRS 120.0 - Management Capital
2.2. Management Capital Reserve [derived2.2. Management Capital Reserve [derived item]
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2.2. Management Capital Reserve [derived item]
This is calculated automatically by derivations contained within the form, as:
Total Management Capital Requirement (Item 1.9)
less
Total Liabilities of Shareholders’ Fund (Item 2.1)
The Management Capital Reserve calculated in this manner relates only to the requirements of LPS 6.03, and is before consideration of the Prudential Capital Requirement established in accordance with Prudential Standards No. 3 (PS3). As such, it agrees with the description of ‘Management Capital Reserve’ included in Attachment E to APRA’s letter of 15 March 2006 to CEO’s of all registered life insurance companies other than friendly societies, titled ‘Updated Version of APRA Life Insurance Diskette (version 6) for IFRS’.