Document ID: chunk:federal_register_of_legislation:F2023L00707:body:0:p15
Version: federal_register_of_legislation:F2023L00707
Segment Type: other
Provision Reference: 
Character Range: 37637–40450

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, item 12 and item 13.

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 reinsurance contracts held

Item 16  Report finance income (expenses) from reinsurance contracts held.

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

Item 17: Effect of movements in exchange rates

Item 17  Report the effect of movements in exchange rates.

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

Item 18: Total amounts recognised in the statement of profit or loss and OCI

Item 18  Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive.

Cash flows

Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.

Item 19: Premiums paid

Item 19  Report premiums paid.

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

Item 20: Amounts received

Item 20  Report amounts received.

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

Item 21: Total cash flows

Item 21  Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20.

Items 22-24: Other movements in the net balance

Item 22  Report other movements in the net balance that are related to acquisitions, disposals, or 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 item 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 item 22 and item 23.

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 18, item 21 and item 24.

Item 26: Closing reinsurance contract assets

Item 26  Report closing reinsurance contract assets.

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

Item 27: Closing reinsurance contract liabilities

Item 27  Report closing reinsurance contract liabilities.

         Report this item in