Document ID: chunk:federal_register_of_legislation:F2023L00707:body:0:p5
Version: federal_register_of_legislation:F2023L00707
Segment Type: other
Provision Reference: 
Character Range: 11464–14426

with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.
Column 2   Report the loss component of liabilities for remaining coverage for the current reporting period.

           Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (b) Disclosure.
Column 3   Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.

           Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.
Column 4   For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.

           Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.
Column 5   For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk 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 insurance contract liabilities
Item 1  Report opening insurance contract liabilities.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.

Item 2: Opening insurance contract assets
Item 2  Report opening insurance contract assets.

        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 other comprehensive income (OCI)

Item 4: Insurance revenue
Item 4   Report insurance revenue.

         Report this item in accordance with AASB 17.103 (a) Disclosure.

Items 5-11: Insurance service expenses

Item 5   Report incurred claims and other expenses.

         Report this item in accordance with AASB 17.103 (b) (i) Disclosure.
Item 6   Report insurance acquisition cash flows amortisation.

         Report this item in accordance with  AASB 17.103 (b) (ii) Disclosure.
Item 7   Report changes that relate to future service: losses on onerous contracts and reversals of those losses.

         Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.
Item 8   Report changes that relate to past service: changes to liabilities for incurred