Financial Sector (Collection of Data) (reporting standard) determination No. 8 of 2009 - LRS 300.0 - Statement of Financial Position
Reporting levelsReporting levels
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Reporting levels
LRF 300.1 and LRF 300.2 must be completed by all life insurance companies, including friendly societies. The forms are to be completed for each statutory fund (approved benefit fund) and shareholders’ fund (management fund), including eliminations between these funds.
Report each statutory fund (approved benefit fund) return separately, and (if applicable) complete ‘Statutory Fund Eliminations’ under LRF 300.1.
Report shareholders’ fund (management fund) return and (if applicable) complete ‘Shareholder Eliminations’ under LRF 300.2. ‘Total Statutory Funds’ (allowing for eliminations) and ‘Total Entity’ results will then be calculated automatically by derivations contained within LRF 300.2.