Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2023
Part A: Insurance contracts issued (direct business/inwards reinsurance)
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These instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.
Reporting tables
Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
General accounting basis
Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.
References to Australian Accounting Standards
Each item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.
IFRS taxonomy element reference
Each IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:
(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;
(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and
(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.
Definitions
Terms that are highlighted in bold italics are defined in these instructions.
Specific instructions
Reporting basis
Information in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.
Units of measurement
Report values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.
Part Part A - Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2023 - : Insurance contracts issued (direct business/inwards reinsurance) | Zoe
Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.
Direct business is any insurance business written / insurance contracts issued by the reporting insurer.
Inwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.
Part A: Insurance contracts issued (direct business/inwards reinsurance)
Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims
Report the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.
Report zero values for line items if they are not applicable.
Column 1
Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.
Column 2
Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.
Column 3
Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.
Column 4
For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.
Column 5
For liabilities for incurred claims from contracts measured under PAA, 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 17.100 (c) (ii) Disclosure.
Column 6
Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Column 7
Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.
Item 1: Opening insurance contract liabilities
Item 1
Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 2: Opening insurance contract assets
Item 2
Report opening insurance contract assets.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
Item 4: Insurance revenue
Item 4
Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure.
Items 5-11: Insurance service expenses
Item 5
Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.
Item 6
Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.
Item 7
Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.
Item 8
Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.
Item 9
Report impairment of assets for insurance acquisition cash flows.Report 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 10
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 11
Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.
Item 12: Investment components and premium refunds
Item 12
Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i).
Item 13: Insurance service result
Item 13
Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12.
Item 14: Finance expenses from insurance contracts issued
Item 14
Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure.
Item 15: Effect of movements in exchange rates
Item 15
Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 16: Total amounts recognised in the statement of profit or loss and OCI
Item 16
Item 16, 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 15 inclusive.
Cash flows
Report items 17-20 based on AASB 17.98 and 17.105 (a) requirements.
Items 17-20: Cash flows
Item 17
Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.
Item 18
Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure.
Item 19
Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.
Item 20
Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.
Items 21-24: Other movements in the net balance
Item 21
Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Item 22
Report other movements in the net balance that are related to acquisitions/disposals/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 items 21 and 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 items 21 to 23 inclusive.
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 16, item 20 and item 24.
Item 26: Closing insurance contract liabilities
Item 26
Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 27: Closing insurance contract assets
Item 27
Report closing insurance contract assets.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.
Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances
For contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.
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 insurance contract liabilities
Item 1
Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 2: Opening insurance contract assets
Item 2
Report opening insurance contract assets.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 provided.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 8-11: Changes that relate to future services
Item 8
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 9
Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure.
Item 10
Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.
Item 11
Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.
Item 12: Changes that relate to past services - Changes to liabilities for incurred claims
Item 12
Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure.
Item 13: Insurance service result
Item 13
Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12.
Item 14: Finance expenses or income from insurance contracts issued
Item 14
Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure.
Item 15: Effect of movements in exchange rates
Item 15
Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 16: Total amounts recognised in the statement of profit or loss and OCI
Item 16
Item 16, 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 15 inclusive.
Cash flows
Report items 17-20 based on AASB 17.98 and 17.105 (a) requirements.
Item 17: Premiums received
Item 17
Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure.
Item 18: Claims and other expenses paid
Item 18
Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure.
Item 19: Insurance acquisition cash flows paid
Item 19
Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure.
Item 20: Total cash flows
Item 20
Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.
Items 21-24: Other movements in the net balance
Item 21
Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Item 22
Report other movements in the net balance that are related to acquisitions/disposals/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 items 21 and 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 items 21 to 23 inclusive.
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 16, item 20 and item 24.
Items 26-28: Closing balances
Item 26
Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 27
Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
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.
Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)
Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims
Report the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B 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 assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.
Column 2
Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.
Column 3
For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.
Column 4
For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.
Column 5
For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.
Column 6
Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
Column 7
Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.
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.
Net income (expenses) from reinsurance contracts held
Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer
Item 4
Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure.
Item 5: Recoveries of incurred claims and other insurance service expenses
Item 5
Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable.
Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts
Item 6
Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure.
Item 7: Changes that relate to past service: Changes to assets for incurred claims
Item 7
Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.
Item 8: Amounts recoverable from reinsurers
Item 8
Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure.
Item 9: Investment components and premium refunds
Item 9
Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i).
Item 10: Cost of retroactive cover on reinsurance contracts held
Item 10
Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer.
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 derived 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 22-24: 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.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.
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, 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 a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive.
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.