Document ID: chunk:federal_register_of_legislation:F2023L00707:body:0:p9
Version: federal_register_of_legislation:F2023L00707
Segment Type: other
Provision Reference: 
Character Range: 21888–24653

in accordance with AASB 17.104 (c) Disclosure.

Item 13: Insurance service result

Item 13  Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12.

Item 14: Finance expenses or income from insurance contracts issued

Item 14  Report finance expenses or income from insurance contracts issued.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure.

Item 15: Effect of movements in exchange rates

Item 15  Report effect of movements in exchange rates.

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

Item 16: Total amounts recognised in the statement of profit or loss and OCI

Item 16  Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive.

Cash flows

Report items 17-20 based on AASB 17.98 and 17.105 (a) requirements.

Item 17: Premiums received

Item 17  Report premiums received for insurance contracts issued.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure.

Item 18: Claims and other expenses paid

Item 18  Report claims and other expenses paid.

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

Item 19: Insurance acquisition cash flows paid

Item 19  Report insurance acquisition cash flows paid.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure.

Item 20: Total cash flows

Item 20  Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.

Items 21-24: Other movements in the net balance

Item 21  Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.

         Based on the insurer's interpretation of AASB 17.105A, this item may not apply.
Item 22  Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.

         Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 23  Report other movements in the net balance not reported at items 21 and 22.

         Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 24  Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.

Item 25: Net balance as at end of reporting period

Item 25  Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24.

Items 26-28: Closing balances

Item 26  Report