PET - Plain English Taxonomy

Attribute: PL15561
Concept:
Label: Reduction In Retained Profits On Share Buy Back
Concept Guidance:
This is the value of the reduction in the reporting party's retained profits due to the buy back, or repurchase, of shares on issue during the relevant period. This represents the portion of the consideration used for share buy backs that is allocated to retained profits 
Dimensions
Dimension Member Description
(AustralianBusiness)
This dimension categorises the reported data according to the business locations determined in accordance with the relevant prudential standards.
The information reported is in relation to insurance business carried on (whether in Australia or elsewhere) by any Level 1 insurer within the group, or for entities which are not insurers within the Level 2 insurance group, business related to an entity incorporated in Australia.