Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2009 - LRS 310.0 - Statement of Financial Performance
Reporting levelsReporting levels
Start here
Get a plain-English read of Reporting levels
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.
Reporting levels
LRF 310.1 and LRF 310.2 must be completed by all life insurance companies, including friendly societies.
Report each statutory fund (approved benefit fund) return separately, and (if applicable) complete ‘Statutory Fund Eliminations’ under LRF 310.1.
Report shareholders’ fund (management fund) return and (if applicable) complete ‘Shareholder Eliminations’ under LRF 310.2. ‘Total Statutory Funds’ (allowing for eliminations) and ‘Total Entity’ results will then be calculated automatically by derivations contained within LRF 310.2.