PET - Plain English Taxonomy

Attribute: PL16292
Concept:
Label: Reinsurance Recoveries Revenue relating to Current and Prior Years
Concept Guidance:
This is the value, for the duration of the relevant period, of revenue from reinsurance recoveries in respect of insurance claims. This item is to be determined in accordance with relevant accounting standards. 
Form-Specifc Guidance:
For 'Reinsurance Recoveries received (Cash flow basis)' purposes only:
Report the amount of reinsurance recoveries received over the reporting period (on a year-to-date basis).
Do not include reinsurance recoveries recognised on an accrual basis, as that is recognised in ‘Reinsurance recoveries revenue relating to current and prior years'.
This relates to all reinsurance recoveries received on a cash flow basis in the current financial year, regardless of the financial year in which the reinsurance recovery may have been recognised as revenue (i.e. a prior financial year).
Dimensions
Dimension Member Description
(Subsidiary)
This dimension categorises reported information based on the type of relationship between two or more counterparties.
The counterparty in relation to the information is a subsidiary of the reporting party, as determined in accordance with accounting standards.