Financial Performance 3 Expense Depreciating Assets Intangible Balancing Adjustment Amount The amount of deductible balancing adjustments on the disposal of intangible depreciating assets Expense Depreciating Assets Small Business Entity Amount A deduction amount that a small business entity can claim under the simplified depreciation rules. Expense Insurance Acquisition Excluding Liability Adequacy Test Results And Commissions Amount This is the value, during the relevant period, of all acquisition costs recognised as expenses. This is determined in accordance with the relevant Accounting Standards. For the purposes of this item exclude: - commission or brokerage paid to agents or brokers for obtaining business for the insurer; and - results of the liability adequacy test (LAT). Acquisition costs are incurred in obtaining and recording insurance contracts. They include commission or brokerage paid to agent or brokers for obtaining business for the insurer, selling and underwriting costs such as advertising and risk assessment, the administrative costs of recording policy information and premium collection costs. Expense Insurance Claim Inwards Amount This is the value, as at the relevant date, for claims expense (including current year bonus). That is claims against policies for which the reporting entity has accepted the liability from another insurer or reinsurer. Include bonuses paid to the insurer or reinsurer as a distribution of current year profit. Expense Insurance Claim Inwards Deposit Component Amount This is the value, as at the relevant date, for benefits paid or payable as withdrawal of any deposit elements. Expense Insurance Claim Payments Amount This is the value, during the relevant period, of total claim payments to meet liabilities to policy owners. Expense Insurance Claims Payments Amount This is the value of insurance claim payment expenses recognised during the relevant period. This item is to be determined in accordance with relevant accounting standards. Expense Insurance Commission Or Brokerage Amount This is the value, during the relevant period, of commission or brokerage paid for obtaining business for the insurer. This item is determined in accordance with the relevant Accounting Standards. Expense Insurance Liability Adequacy Test Result Amount This is the value, during the relevant period, of any adjustments to deferred acquisition costs or the unexpired risk liability as a result of performing the Liability Adequacy Tests (LAT). This item is determined in accordance with the relevant Accounting Standards. Report at this item the results of the LAT performed in the relevant period and the results of the LAT performed in prior years which have profit and loss impact in the relevant period. Liability adequacy test means an assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of the related deferred acquisition costs or related intangible assets decreased) based on a review of future cash flows. Expense Insurance Net Policy Liability Movement Distributed Fund Members Amount This is the value, during the relevant period, of the movement in the surplus distributed to fund members as net policy liabilities. Expense Insurance Net Policy Liability Movement Unallocated Surplus Classified Amount This is the value, during the relevant period, of the movement in the unallocated surplus classified as net policy liabilities that relates only to the current year profits. This unallocated surplus relates to all other unallocated surpluses that have not been included as unallocated benefit fund reserves in balance sheet. Expense Insurance Operating Expenses Total Amount This is the value, during the relevant period, for the total operating expenses classified in accordance with the requirements. They include - policy acquisition and maintenance expenses; - investment management expenses; - acquisition expenses reported as movement in policy liability; - other administration expenses; - interest expenses; and - general insurance expenses. Expense Insurance Payouts Net Of Reinsurance Amount This is the value, during the relevant period, of total payments to policy holders and net of outwards reinsurance. Expense Insurance Policy Amount This is the value, during the relevant period, for insurance policy expenses. This item is to be determined in accordance with the relevant accounting standards. Expense Insurance Policy Total Deposit Component Amount This is the value, during the relevant period, for the total policy expenses recognised as a withdrawal of the deposit (investment) component or change in policy liability. Expense Insurance Total Claims Amount This is the value, during the relevant period, of benefits paid or payable as withdrawal of deposit elements for claims on life investment business. Expense Insurance Underwriting Expenses Total Amount This is the value, during the relevant period, of underwriting expenses incurred. This item is to be determined in accordance with the relevant accounting standards. Underwriting expenses represents the sum of acquisition costs (including the results of the liability adequacy tests), levies and charges, commission expense (net of commission revenue) and any other expenses attributable to providing underwriting operations Expense Insurance Underwriting Total Amount This is the value, during the relevant period, for the relevant period, of any underwriting expenses. This item is determined in accordance with the relevant Accounting Standards. Underwriting expenses includes: - acquisition costs and the results of liability adequacy tests; - levies and charges; and - commission expense (and commission revenue reported as negative). Acquisition costs are incurred in obtaining and recording insurance contracts. They include commission or brokerage paid to agent or brokers for obtaining business for the insurer, selling and underwriting costs such as advertising and risk assessment, the administrative costs of recording policy information and premium collection costs. Liability adequacy test means an assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of the related deferred acquisition costs or related intangible assets decreased) based on a review of future cash flows. Expense Personal Services Income Deduction Amount The amount of deductions against personal services income Income Depreciating Assets Intangible Balancing Adjustment Amount The amount of assessable balancing adjustments on the disposal of intangible depreciating assets Income Insurance Earned Premium Revenue Gross Amount This is the value of premium revenue earned during the relevant period according to where the risk is located. This item is to be determined in accordance with the relevant accounting standards. That is premium revenue shall be recognised from the attachment date as soon as there is a basis on which it can be reliably estimated over the period of the general insurance contract, in accordance with the pattern of the incidence of risk expected under the general insurance contract.. Premium revenue must be discounted where it is to be received beyond the current year of cover under an insurance/reinsurance contract. In these cases, use the discount rate as required in calculating insurance liabilities in accordance with prudential Audit and Actuarial Reporting and Valuation. Premium revenue excludes amounts collected on behalf of third parties i.e. government stamp duty and taxes. Levies charged to insured, such as fire service levies, are to be included as premium revenue. Premium refunds and rebates are to be deducted from premium revenue. For instalment premium policies, the amount of the annualised premium is to be used. Where premium is calculated on an adjustment basis, the estimated annual premium is to be brought to account, with the estimated premium being replaced by the actual amount as it becomes known. Where premium is accepted on a deposit basis, the full annual premium is to be brought into account. Premium revenue must be gross of reinsurance expense. Premium revenue includes premium receivable on unclosed business. This includes the business which has been accepted by the insurer/reinsurer prior to the balance date but there is insufficient information to fully identify the business. Income Insurance Inwards Premium Deposit Component Amount This is the value, as at the relevant date, for deposit elements for life investment and life insurance investment account business i.e. exclude any revenue components. Include the deposit component of premiums in respect of deferred or immediate annuities that are life investment business written as inwards reinsurance. Income Insurance Life Business Amount This is the value, during the relevant period, of income received in relation to life insurance business. This income includes fee and commission income derived from selling Life Insurance products, as determined in accordance with relevant accounting standards. Income Insurance Life Premium Amount This is the value, as at the relevant date, of premiums received from life insurance policies that are accounted for as insurance policy revenue. Include premiums in respect of deferred and immediate annuities that are life insurance business. Life insurance policies are contracts (policies) that will pay a specified sum to beneficiaries upon the death of the insured. An annuity is a periodic payment of a fixed or variable amount arising out of a contract obligation. Immediate annuities are those purchased with a single payment, where the income stream commences immediately. Deferred annuities are those where the income stream commences at some time in the future. Income Insurance Life Premium Deposit Component Amount This is the value, as at the relevant date, for the deposit components of regular and single premiums received or receivable for life investment and life insurance investment account business i.e. exclude any revenue components. Include the deposit component of premiums in respect of deferred or immediate annuities that are life investment business. Life insurance policies are contracts that will pay a specified sum to beneficiaries upon the death of the insured. An annuity is a periodic payment of a fixed or variable amount arising out of a contract obligation. Immediate annuities are those purchased with a single payment, where the income stream commences immediately. Deferred annuities are those where the income stream commences at some time in the future. Income Insurance Policy Amount This is the value, during the relevant period, for insurance policy revenue and consists only of premiums related fees received from life insurance policies. Premiums for life investment business are recognised as deposits, and adjusted for as changes in policy liabilities. This item is to be determined in accordance with the relevant accounting standards. Income Insurance Premium Deposit Component Amount This is the value, during the relevant period, for all the total deposit (investment) component of premiums received from all insurance investment policies. Income Insurance Written Premium Revenue Amount This is the value of written insurance premium revenue, recognised during the relevant period, as determined in accordance with relevant accounting standards. This item includes any fire service levy or other levies imposed by state and territory governments. Written premium is an accounting term in the insurance business used to describe the total premiums on policies issued by an insurance company during a specific period of time regardless of what portions have been earned. Written premiums are the amount of premium charged for a policy that has already become effective. Income Personal Services Income Total Amount The amount of total personal services income. Income Research And Development Feedstock Adjustment Amount The amount of assessable income that is a result of a feedstock adjustment. A feedstock adjustment may occur where research and development activities produce marketable products or products you apply to your own use. Insurance Policies Written Number This is the value, during the relevant period, for direct business, report the number of risks written during the relevant period, on a financial year to date basis. For policies in which a premium has been allocated to multiple classes of business, one risk should be reported in each class of business to which premium was allocated.