Document ID: chunk:federal_register_of_legislation:F2015L01291:body:0:p6
Version: federal_register_of_legislation:F2015L01291
Segment Type: other
Provision Reference: 
Character Range: 14461–17800

Investment Flows.

Investments  Represents the purchase of a financial product or other item of value with an expectation of favourable future returns. Excludes: derivative assets, derivative liabilities and property, plant and equipment.

Item 3                                                                   Report the value of securities purchased under agreements to resell and securities borrowed in item 3.

                                                                         Report securities sold under agreements to repurchase and securities loaned in item 15.

Securities purchased under agreements to resell and securities borrowed  Represents a receivable recognised in respect of cash collateral that has been paid to a third party for securities, bought or borrowed by the RSE, with an agreement to return the securities to the third party in the future in exchange for the return of the cash (plus interest). Includes: reverse repurchase agreements. Reference: Australian Accounting Standards.

Item 4                                   Report the net amount of derivative assets that are directly held in item 4. Item 4 must equal the gross market value of derivative assets minus accounting standards offset. An RSE licensee must apply offsetting rules as outlined in Australian Accounting Standard AASB 132 Financial Instruments: Disclosure and Presentation (AASB 132).

Gross market value of derivative assets  Represents a derivative asset that is valued at gross market value in accordance with Australian Accounting Standards.

Derivative assets                        Represents a derivative asset that is a financial instrument or other contract within the scope of the Australian Accounting Standards.

Directly held                            Represents investments made by the RSE in its own name. Includes: investments held by a custodian in trust for the RSE.

Accounting standards offset              Represents the value of derivatives that qualify to be offset against the gross fair value of derivatives, in accordance with the eligibility criteria set out in the accounting standards. Reference: Australian Accounting Standards.

Item 5              Report current tax assets in item 5.

Current tax assets  Represents the value of income tax recoverable in respect of the tax loss of a period. Reference: Australian Accounting Standards.

Item 6                Report deferred tax assets in item 6.

Deferred tax assets   Represents the value of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carry forward of unused tax losses; and (c) the carry forward of unused tax credits. Reference: Australian Accounting Standards.

Item 7     Report goodwill in item 7.

Goodwill   Represents intangible assets which represent the future economic benefits arising from assets that have been acquired in a business combination and that are not individually identified and separately recognised. Reference: Australian Accounting Standards.

Item 8               Report reinsurance assets in item 8.

Reinsurance assets   Represents assets arising from net contractual rights under a reinsurance contract with respect to insurance benefits offered to beneficiaries. A reinsurance contract is an insurance contract issued by one insurer (the