Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2009 - LRS 310.0 - Statement of Financial Performance
Annual Return ReconciliationsAnnual Return Reconciliations
Start here
Get a plain-English read of Annual Return Reconciliations
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2009 - LRS 310.0 - Statement of Financial Performance.
Annual Return Reconciliations
Reconciliation to Operating Profit/(Loss) after Tax at the end of the period in the general purpose financial statements is only required to be completed as part of the annual returns.
- Reconciliation adjustments
This is the adjustment necessary to reconcile the Profit/(Loss) after Income Tax attributable to Shareholders (item 19) to the Operating Profit/(Loss) after Tax, per general purpose accounts – Profit & Loss Account (item 21). APRA does not propose to routinely collect the components of the reconciliation. Additional information may, however, be sought from the life companies where this figure is significant.
- Operating Profit/(Loss) after Tax, per general purpose accounts – Profit & Loss Account
This is the corresponding figure to the Profit/(Loss) after Income Tax attributable to Shareholders (item 19), except that it is taken from the general purpose accounts of the entity.