Document ID: chunk:federal_register_of_legislation:F2023L00715:body:0:p12
Version: federal_register_of_legislation:F2023L00715
Segment Type: other
Provision Reference: 
Character Range: 29690–32679

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 contracts

        Report 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.