Document ID: chunk:federal_register_of_legislation:F2023L00707:body:0:p14
Version: federal_register_of_legislation:F2023L00707
Segment Type: other
Provision Reference: 
Character Range: 35112–37910

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

Items 8-12: 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 recoveries of losses on onerous underlying contracts that adjust the CSM.

         Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure.
Item 10  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 11  Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.

         Report this item in accordance with AASB 17.104 (a) (ii).
Item 12  Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.

Item 13: Changes that relate to past services - changes to assets for incurred claims

Item 13  Report changes that 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