PET - Plain English Taxonomy

LRF_310_1: Income Statement (SF and SF Eliminations)
Australian Business Number Institution Name
  Life companies including friendly societies
Reporting Period Scale Factor  
Quarterly / Annual Thousands
Reporting Consolidation
Statutory fund
Australian business Overseas business Total business
Revenue
1.   Insurance policy revenue      
1.1. Life insurance direct premiums
1.2.   Policy conversions - inwards
1.3.   Inwards life reinsurance premium revenue
1.4. Total premiums from non-life insurance business
1.5. Outward reinsurance premiums expense
1.6. Total insurance policy revenue, net of reinsurance
2. Fees for management services rendered      
2.1. Premium-related fees revenue
2.2. Non-premium related fees
2.3. Fees reported as movement in policy liability (Net movement in liability for defd fee rev)
2.4. Total fees for management services rendered
3. Investment revenue
3.1. Investment income (excluding capital gains or losses) from      
3.1.1. Cash holdings
3.1.2. Investment property
3.1.3. Equity securities
3.1.4. Debt securities
3.1.5. Other investment assets
3.1.6. Total investment income (excluding capital gains or losses)
     
3.2. Realised and unrealised capital gains (or losses) from
3.2.1. Investment property
3.2.2. Equity securities
3.2.3. Debt securities
3.2.4. Other investment assets
3.2.5. Total realised and unrealised capital gains (or losses)
     
3.3. Total investment revenue
     
4. Other revenue
     
5. Total revenue
Expenses
6.    Insurance policy expense      
6.1. Death and disability claims
6.2. Maturities
6.3. Annuities
6.4. Surrenders and terminations
6.5. Policy conversions - outwards
6.6. Other claims
6.7. Inwards reinsurance claims expense (including current year bonus)
6.8. Total non-life policy expense
6.9. Outward reinsurance claims revenue
6.10. Total insurance policy expense, net of reinsurance
7. Operating expenses      
7.1. Policy acquisition - commission and other incremental expenses
7.2. Policy acquisition - other expenses
7.3. Total policy acquisition expenses
7.4. Policy maintenance - commission and other incremental expenses
7.5. Policy maintenance - other expenses
7.6. Total policy maintenance expenses
7.7. Investment management expenses
7.8. Acquisition expenses reported as movement in policy liability (Net movement in DAC)
7.9. Other administration expenses
7.10. Interest expense on subordinated debt
7.11. Interest expense on other borrowings
7.12. Total non-life operating expenses
7.13. Total operating expenses
8. Movement in net policy liabilities      
8.1. Increase/(decrease) in net policy liabilities
8.1.1. Of which: Surplus distributed to benefit fund members (friendly society only)
8.1.2. Of which: Increase/(decrease) in unallocated surplus (friendly society only)
9.   Adjustment to movement in net policy liabilities - policy revenue
Policy revenue recognised as a deposit or as a change in policy liability      
9.1. Contractual direct premiums
9.2. Policy conversions - inwards
9.3. Inwards reinsurance premium revenue
9.4. Total non-life insurance premiums
9.5. Outward reinsurance premiums expense
9.6. Total policy revenue, net of reinsurance
10. Adjustment to movement in net policy liabilities - policy expense
Policy expense recognised as withdrawal of deposit or change in policy liability      
10.1. Death and disability claims
10.2. Maturities
10.3. Annuities
10.4. Surrenders and terminations
10.5. Policy conversions - outwards
10.6. Other Claims
10.7. Total Claims
10.8.   Inwards reinsurance claims expense (including current year bonus)
10.9. Total non-life policy expense
10.10. Outward reinsurance claims revenue
10.11.   Policy acquisition - commission and other incremental expenses
10.12. Policy acquisition - other expenses
10.13. Total policy acquisition expenses
10.14. Total policy expense, net of reinsurance
     
11. Effective movement in net policy liabilities
12. Change in policy owner retained profits      
12.1. Increase/(decrease) in policy owner retained profits
     
13. Other expenses
     
14. Total expenses
     
15. Profit/(loss) before income tax
16. Tax      
16.1. Income tax attributable to profit/(loss) - shareholders
16.2. Income tax attributable to profit/(loss) - policy owners
16.3. Total tax
     
17. Profit/(loss) after income tax
     
18. Increase/(decrease) in unallocated benefit fund reserves
     
19. Profit/(loss) after income tax attributable to shareholders
Annual return reconciliations
(Only complete for annual returns)
20. Reconciliation adjustments
     
21. Operating profit/(loss) after tax, per general purpose accounts - statement of profit or loss