Document ID: chunk:federal_register_of_legislation:F2023L00707:body:0:p12
Version: federal_register_of_legislation:F2023L00707
Segment Type: other
Provision Reference: 
Character Range: 29875–32772

in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.

         Insurers can either report the cost of retroactive cover on reinsurance contracts held at this item, or include it as part of Item 4 Reinsurance expenses: Allocation of premiums paid to the reinsurer.

Item 11: Impairment of assets for insurance acquisition cash flows

Item 11  Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.

         Based on the insurer's interpretation of AASB 17.105A, this item may not apply.

Item 12: Reversal of impairment of assets for insurance acquisition cash flows

Item 12  Report reversal of impairment of assets for insurance acquisition cash flows

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

         Based on the insurer's interpretation of AASB 17.105A, this item may not apply.

Item 13: Net income (expenses) from reinsurance contracts held

Item 13  Item 13, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 4, and items 8 to 12 inclusive.

Item 14: Effect of changes in non-performance risk of reinsurers

Item 14  Report effect of changes in non-performance risk of reinsurers.

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

Item 15: Finance income from reinsurance contracts held

Item 15  Report finance income from reinsurance contracts held.

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

Item 16: Effect of movements in exchange rates

Item 16  Report effect of movements in exchange rates.

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

Item 17: Total amounts recognised in the statement of profit or loss and OCI

Item 17  Item 17, 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 16 inclusive.

Cash flows

Report items 18-21 based on AASB 17.98 and 17.105 (a) requirements.

Item 18: Premiums paid

Item 18  Report premiums paid.

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

Item 19: Amounts received

Item 19  Report amounts received.

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

Item 20: Insurance acquisition cash flows

Item 20  Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.

Item 21: Total cash flows

Item 21  Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive.

Items 22-25: Other movements in the net balance

Item 22  Report allocation from assets for insurance acquisition cash flows to