Units of measurement
Report values 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.
Table 1: Statement of Risk by Country
| Column 1 | Report the amount for inside Australia. |
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| Column 2 | Report the amount for New Zealand. |
| Column 3 | Report the amount for the USA. |
| Column 4 | Report the amount for the UK. |
| Column 5 | Report the amount for Japan. |
| Column 6 | Report the amount for South East Asia (excluding Japan). |
| Column 7 | Report the amount for Continental Europe. |
| Column 8 | Report the amount for all other countries. |
| Column 9 | Report the total amount.Column 9 is calculated as the sum of column 1 to column 8.Totals in this column should align with the corresponding totals in Reporting Standard GRS 310.0 Statement of Profit and Loss and Other Comprehensive Income (GRS 310.0) and Reporting Standard GRS 300.0 Statement of Financial Position (GRS 300.0). |
The following items relate to GRS 310.0.
- Insurance revenue
| Item 1 | Item 1, insurance revenue, is a derived item and is calculated as the sum of items 1.1 and 1.2.Report this item in accordance with AASB 101.82 (a) (ii) Disclosure, AASB 17.80(a), and AASB 17.83.This item aligns with item 1 of GRS 310.0. |
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| Item 1.1 | Report insurance revenue from direct business.This item aligns with item 1.1 of GRS 310.0. |
| Item 1.2 | Report insurance revenue from inwards reinsurance.This item aligns with item 1.2 of GRS 310.0. |
- Insurance service expense
| Item 2 | Item 2, insurance service expense, is a derived item and is calculated as the sum of items 2.1 and 2.2.Report this item in accordance with AASB 101.82 (ab) Disclosure, AASB 17.80 (a), and AASB 17.84.This item aligns with item 2 of GRS 310.0. |
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| Item 2.1 | Report insurance service expense from direct business.This item aligns with item 2.1 of GRS 310.0. |
| Item 2.2 | Report insurance service expense from inwards reinsurance.This item aligns with item 2.2 of GRS 310.0. |
- Insurance service result before reinsurance contracts held
| Item 3 | Item 3, insurance service result before reinsurance contracts held, is a derived item and is calculated as the sum of item 1 and item 2.Report this item in accordance with AASB 17 Appendix A.This item aligns with item 3 of GRS 310.0. |
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- Allocation of reinsurance premiums
| Item 4 | Report the allocation of reinsurance premiums.It is requested that the entity present this item separately from amounts recoverable from reinsurers for incurred claims reported at item 5.This item is based on AASB 17.86.This item aligns with item 4 of GRS 310.0. |
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- Amounts recoverable from reinsurers
| Item 5 | Report the amounts recoverable from reinsurers.Include at this item reversals of recoveries of losses from the reinsurance contracts determined in accordance with AASB 17.66B for reinsurance contracts held.Report this item in accordance with AASB 17.86.This item aligns with item 5 of GRS 310.0. |
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- Net expense from reinsurance contracts held
| Item 6 | Item 6, net expense from reinsurance contracts held, is a derived item and is calculated as the sum of items 4 and 5. This item can be a net income or net expense.Report this item in accordance with AASB 17 Appendix A, AASB 101.82 (ac), AASB 17.82 and AASB 17.86.This item aligns with item 6 of GRS 310.0. |
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- Insurance service result
| Item 7 | Item 7, insurance service result, is a derived item and is calculated as the sum of items 3 and 6.Report this item in accordance with AASB 17.80 (a).This item aligns with item 7 of GRS 310.0. |
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- Total investment result
| Item 8 | Report total investment result.Refer to item 16 of GRS 310.0. |
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The following items relate to GRS 300.0.
- Insurance contract assets
| Item 9 | Item 9, insurance contract assets, is a derived item calculated as the sum of item 9.1 and 9.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).This item aligns with item 7 of GRS 300.0. |
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| Item 9.1 | Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure, and AASB 101.54 (da) Disclosure.This item aligns with item 7.1 of GRS 300.0. |
| Item 9.2 | Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure, and AASB 101.54 (da) Disclosure.This item aligns with item 7.2 of GRS 300.0. |
- Reinsurance contract assets
| Item 10 | Item 10, reinsurance contract assets, is a derived item and is calculated as the sum of item 10.1 and item 10.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).This item aligns with item 8 of GRS 300.0. |
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| Item 10.1 | Report assets for incurred claims that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.This item aligns with item 8.1 of GRS 300.0. |
| Item 10.2 | Report assets for remaining coverage that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure, and AASB 101.54 (da) Disclosure.This item aligns with item 8.2 of GRS 300.0. |
- Other financial assets
| Item 11 | Report other financial assets.Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.This item aligns with item 5.1 of GRS 300.0. |
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- Other non-financial assets
| Item 12 | Report other non-financial assets.Report this item in accordance with AASB 101.55 Common practice.This item aligns with item 5.2 of GRS 300.0. |
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- All other assets
| Item 13 | Report all other assets. |
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- Total assets
| Item 14 | Item 14, total assets, is a derived item and is calculated as the sum of: item 9; item 10; item 11; item 12; and item 13.Report this item in accordance with AASB 101.55 Disclosure.Refer to item 15 of GRS 300.0. |
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- Insurance contract liabilities
| Item 15 | Item 15, insurance contract liabilities, is a derived item and is calculated as the sum of item 15.1 and item 15.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).This item aligns with item 18 of GRS 300.0. |
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| Item 15.1 | Report liabilities for incurred claims that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure, and AASB 101.54 (ma) DisclosureThis item aligns with item 18.1 of GRS 300.0. |
| Item 15.2 | Report liabilities for remaining coverage that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100(a)-(b) Disclosure and AASB 101.54 (ma) Disclosure.This item aligns with item 18.2 of GRS 300.0. |
- Reinsurance contract liabilities
| Item 16 | Item 16, reinsurance contract liabilities, is a derived item and is calculated as the sum of item 16.1 and item 16.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).This item aligns with item 19 of GRS 300.0. |
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| Item 16.1 | Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure, and AASB 101.54 (ma) Disclosure.This item aligns with item 19.1 of GRS 300.0. |
| Item 16.2 | Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure.This item aligns with item 19.2 of GRS 300.0. |
- Investment contract liabilities
| Item 17 | Report investment contract liabilities.Report this item in accordance with AASB 101.54 (m).This item aligns with item 17 of GRS 300.0. |
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- Other financial liabilities
| Item 18 | Report other financial liabilities.Report this item in accordance with AASB 132.11 and AASB 101.54 (m) Disclosure.This item aligns with item 21.1 of GRS 300.0. |
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- Other non-financial liabilities
| Item 19 | Report other non-financial liabilities.This item aligns with item 21.2 of GRS 300.0. |
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- All other liabilities
| Item 20 | Report all other liabilities. |
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- Total liabilities
| Item 21 | Item 21, total liabilities, is a derived item and is calculated as the sum of: item 15; item 16; and items 17 to 20 inclusive.Report this item in accordance with AASB 101.55 Disclosure.This item aligns with item 26 of GRS 300.0. |
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