PET - Plain English Taxonomy

LRF_310_2: Income Statement (SF Total, GF, GF Elim, Entity)
Australian Business Number Institution Name
  Life companies including friendly societies
Reporting Period Scale Factor  
Quarterly / Annual Thousands
Reporting Consolidation
Licensed insurer
Revenue
Total statutory funds General fund General fund elimination Total entity
Australian business Overseas business Total business
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 deferred fee revenue)    
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. Policy acquisition - total expenses
7.4. Policy maintenance - commission and other incremental expenses
7.5. Policy maintenance - other expenses
7.6. Policy maintenance - total 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  
8.1.2. Of which: Increase/decrease in unallocated surplus  
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. Policy acquisition - total 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 - profit & loss account