Document ID: chunk:federal_register_of_legislation:F2023L00715:body:0:p9
Version: federal_register_of_legislation:F2023L00715
Segment Type: other
Provision Reference: 
Character Range: 22012–24798

assets
Item 27  Report closing insurance contract assets.

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

Item 28: Net balance as at end of reporting period
Item 28   Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.

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

For contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.
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 insurance contract liabilities
Item 1  Report opening insurance contract liabilities.

        Report this item in accordance with AASB 17 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