Document ID: chunk:federal_register_of_legislation:F2023L00715:body:0:p15
Version: federal_register_of_legislation:F2023L00715
Segment Type: other
Provision Reference: 
Character Range: 37666–40482

17.99 (b) Disclosure.

Item 29: Net balance as at end of reporting period
Item 29  Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28.

Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances

For contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.
Report zero values for line items if they are not applicable.

Column 1   Report estimates of the present value of the future cash flows for the current reporting period.

           Report this item in accordance with AASB 17.101 (a) Disclosure.
Column 2   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 17.101 (b) Disclosure.
Column 3   Report the contractual service margin (CSM) for the current reporting period.

           Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.
Column 4   Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.

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.

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