Document ID: chunk:federal_register_of_legislation:F2023L00705:body:0:p15
Version: federal_register_of_legislation:F2023L00705
Segment Type: other
Provision Reference: 
Character Range: 37507–40291

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.

Changes in the statement of profit or loss and OCI

Items 4-7: Changes that relate to current services
Item 4  Report CSM recognised for services received.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.
Item 5  Report change in risk adjustment for non-financial risk for risk expired.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure.
Item 6  Report experience adjustments.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.
Item 7  Item 7 changes that relate to current services is a derived item and is calculated as the sum of items 4 to 6 inclusive.

Items 8-12: Changes that relate to future services
Item 8   Report contracts initially recognised in the period.

         Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.
Item 9   Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.

         Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure.
Item 10  Report changes in estimates that adjust the CSM.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.
Item 11  Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.

         Report this item in accordance with AASB 17.104 (a) (ii).
Item 12  Item 12 changes that relate to future services is a derived item and is calculated as the sum of items 8 to 11 inclusive.

Item 13: Changes that relate to past services - changes to assets for incurred claims
Item 13  Report changes that relate to past services – changes to assets for incurred claims.

         Report this item in accordance with AASB 17.104 (c) Disclosure.

Item 14: Net income (expenses) from reinsurance contracts held
Item 14  Item 14 net income (expenses) from reinsurance contracts held is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive.

Item 15: Effect of changes in non-performance risk of reinsurers
Item 15  Report effect of changes in non-performance risk of reinsurers.

         Report this item in accordance with AASB 17.105 (b) Disclosure.

Item 16: Finance income (expenses) from