Division Units of measurement - Financial Sector (Collection of Data) (reporting standard) determination No. 84 of 2023 - Units of measurement

Units of measurementUnits of measurement

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Units of measurement

Report values in this form in whole Australian dollars (AUD) with no decimal place.

Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.

Report losses and expenses as negative values.

Columns for Licensed insurer

Columns 1 to 25	Report the amount by APRA product groups.
Column 26 (Total)	Report the total amount of columns 1-25.

Insurance revenue

Item 1	Item 1 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	Report insurance revenue from direct business.
Item 1.2	Report insurance revenue from inwards reinsurance.

Insurance service expense

Item 2	Item 2 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	Report incurred claims from direct business.
Item 2.1.2	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.
Item 2.1.3	Report amortisation of insurance acquisition cash flows from direct business.
Item 2.1.4	Report losses and reversal of losses on onerous contracts from direct business Report this item in accordance with AASB 17.47-52.
Item 2.1.5	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.