Document ID: chunk:federal_register_of_legislation:F2023L00577:body:0:p12
Version: federal_register_of_legislation:F2023L00577
Segment Type: other
Provision Reference: 
Character Range: 30106–33072

AASB 17.82 and AASB 17 Appendix A.

         Report the "Effect of changes in non-performance risk of reinsurers" as reported in GRS 320.0.G Part B RF1 item 14 at this item.

19.             Net insurance financial result through profit or loss

Item 19  Item 19 is a derived item and is calculated as the sum of item 17 and item 18. This item can be a net income or net expense.

20.             Asset management services revenue

Item 20  Report asset management services revenue. This includes revenue from investment management services accounted for in accordance with AASB 15.

         Report this item in accordance with AASB 15.113 (a) Disclosure and AASB 15.114 Disclosure.

21.             Share of profit/loss of associates and joint ventures accounted for using the equity method

Item 21  Report the share of profit or loss of associates and joint ventures accounted for using the equity method.

         Report this item in accordance with AASB 101.82 (c) and AASB 128.3.

22.             Profit/loss from non-current assets and disposal groups classified as held for sale and not qualifying as discontinued operations

Item 22  Report the profit or loss from non-current assets and disposal groups classified as held for sale and not qualifying as discontinued operations.

23.             Impairment loss for goodwill

Item 23  Report impairment loss for goodwill.

         Report this item in accordance with AASB 138.8, AASB 3 Appendix A and AASB 3.B67 (d).

24.             Other income

Item 24  Report other income that is not reported elsewhere in the Reporting Standard; including income from contracts outside the scope of AASB 17 (including AASB 15 Revenue from Contracts with Customers) under this item. Revenue from investment management services is to be reported at item 21.

25.             Other finance costs

Item 25  Report other finance costs.

         Report this item in accordance with AASB 101.82 (b) and includes the interest expense on lease liabilities (based on AASB 16.49 and AASB 16.53 (b)).

26.             Other expenses

Item 26  Report other expenses. Additionally, include expenses from contracts outside the scope of AASB 17 under this item.

27.             Profit/loss from continuing operations before tax

Item 27  Item 27 is a derived item and is calculated as the sum of items 7, 16, and items 19 to 26 inclusive.

         Report this item in accordance with AASB 101.81A (a) Disclosure.

28.             Income tax expense from continuing operations

Item 28  Report income tax expense from continuing operations.

         Report this item in accordance with AASB 101.82 (d) and AASB 112.77.

29.             Profit/loss for the year from continuing operations after income tax

Item 29  Item 29, profit/loss for the year from continuing operations after income tax, is a derived item and is calculated as the sum of item 27 and item 28.

         Report this item in accordance with