Document ID: chunk:federal_register_of_legislation:F2023L00705:body:0:p9
Version: federal_register_of_legislation:F2023L00705
Segment Type: other
Provision Reference: 
Character Range: 21889–24630

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 OCI

Items 4-7: Changes that relate to current services
Item 4  Report CSM recognised for services provided.

        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 total changes that relate to current services is a derived item and is calculated as the sum of items 4 to 6 inclusive.

Items 8-11: Changes that relate to future services
Item 8   Report changes in estimates that adjust the CSM.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.
Item 9   Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure.
Item 10  Report contracts initially recognised in the period.

         Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.
Item 11  Item 11 total changes that relate to future services is a derived item and is calculated as the sum of items 8 to 10 inclusive.

Item 12: Changes that relate to past services - Changes to liabilities for incurred claims
Item 12  Report changes that relate to past services – changes to liabilities for incurred claims.

         Report this item 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