Document ID: chunk:federal_register_of_legislation:F2023L00622:body:0:p14
Version: federal_register_of_legislation:F2023L00622
Segment Type: other
Provision Reference: 
Character Range: 47538–50636

income statement.

                                                        This item must account for (where applicable) negative goodwill, expected tax expenses, and dividends when declared in accordance with the Australian Accounting Standards. The declared dividends reported here may be reduced by the expected proceeds, as agreed in writing by APRA, of a Dividend Reinvestment Plan to the extent that dividends are used to purchase new ordinary shares issued by the life company.

Unrealised gains or losses recognised on balance sheet  This is the total value of any disclosed reserves for unrealised gains or losses that have been recognised on the balance sheet.

Specific instructions

Table 1: Determination of Capital Base (Individual Funds)

Reporting basis

This table applies to life companies including friendly societies. This table applies to statutory, shareholder, benefit and management funds.

Report all information as at the reporting date.

Units of measurement

Report the values in this table in whole Australian dollars.
Column 1  Report the value for each item listed below.

1. Net assets

Item 1.1  Report net assets of the fund.

Item 1.2  Report seed capital transferred from management fund.

          This item only applies to friendly societies.

          Report this as a positive amount.

Item 1.3  Report other adjustments to net assets as approved by APRA.

          Report adjustments that would result in an increase to net assets as a positive value.

2. Regulatory adjustments to net assets

Item 2       Regulatory adjustments to net assets is a derived item and is calculated as the sum of:

                  * items 2.1 to 2.14 inclusive.

Item 2.1     Report holdings of own Tier 1 Capital instruments.

             Report this as a positive number where it would result in a reduction to net assets of the fund.

Item 2.2     Report excess of deferred tax assets over deferred tax liabilities.

             Where the deferred tax liabilities exceed the deferred tax assets, report this value as zero.

Item 2.3     Report fair value gains and losses from changes in own creditworthiness.

             Report this as a positive value where there are unrealised gains or a negative value for unrealised losses.

Item 2.4     Report goodwill and other intangible assets.

             Amounts reported in this item must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

Item 2.5     Report surplus in defined benefit superannuation funds.

             Any excluded surplus must reverse any associated deferred tax liability from net assets of the fund. Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, report this value as zero.

Item 2.6     Report deficit in defined benefit superannuation funds.

             This only needs to be reported where the deficit is not already reflected in the net assets of the fund or the Common