PET - Plain English Taxonomy

LRF_310_1: Income Statement (SF and SF Eliminations)
Effective date: 1 January 2013

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	PL13564	PL13565	PL13566
1.2. Policy conversions - inwards	PL13567	PL13568	PL13569
1.3. Inwards life reinsurance premium revenue	PL13570	PL13571	PL13572
1.4. Total premiums from non-life insurance business	PL13573	PL13574	PL13575
1.5. Outward reinsurance premiums expense	PL13576	PL13577	PL13578
1.6. Total insurance policy revenue, net of reinsurance	PL13579	PL13580	PL13581

2. Fees for management services rendered
2.1. Premium-related fees revenue	PL13582	PL13583	PL13584
2.2. Non-premium related fees	PL13585	PL13586	PL13587
2.3. Fees reported as movement in policy liability (Net movement in liability for defd fee rev)	PL13588	PL13589	PL13590
2.4. Total fees for management services rendered	PL13591	PL13592	PL13593

3. Investment revenue
3.1. Investment income (excluding capital gains or losses) from
3.1.1. Cash holdings	PL13594	PL13595	PL13596
3.1.2. Investment property	PL13597	PL13598	PL13599
3.1.3. Equity securities	PL13600	PL13601	PL13602
3.1.4. Debt securities	PL13603	PL13604	PL13605
3.1.5. Other investment assets	PL13606	PL13607	PL13608
3.1.6. Total investment income (excluding capital gains or losses)	PL13609	PL13610	PL13611

3.2. Realised and unrealised capital gains (or losses) from
3.2.1. Investment property	PL13612	PL13613	PL13614
3.2.2. Equity securities	PL13615	PL13616	PL13617
3.2.3. Debt securities	PL13618	PL13619	PL13620
3.2.4. Other investment assets	PL13621	PL13622	PL13623
3.2.5. Total realised and unrealised capital gains (or losses)	PL13624	PL13625	PL13626

3.3. Total investment revenue	PL13627	PL13628	PL13629

4. Other revenue	PL13630	PL13631	PL13632

5. Total revenue	PL13633	PL13634	PL13635

Expenses

6. Insurance policy expense
6.1. Death and disability claims	PL13636	PL13637	PL13638
6.2. Maturities	PL13639	PL13640	PL13641
6.3. Annuities	PL13642	PL13643	PL13644
6.4. Surrenders and terminations	PL13645	PL13646	PL13647
6.5. Policy conversions - outwards	PL13648	PL13649	PL13650
6.6. Other claims	PL13651	PL13652	PL13653
6.7. Inwards reinsurance claims expense (including current year bonus)	PL13654	PL13655	PL13656
6.8. Total non-life policy expense	PL13657	PL13658	PL13659
6.9. Outward reinsurance claims revenue	PL13660	PL13661	PL13662
6.10. Total insurance policy expense, net of reinsurance	PL13663	PL13664	PL13665

7. Operating expenses
7.1. Policy acquisition - commission and other incremental expenses	PL13666	PL13667	PL13668
7.2. Policy acquisition - other expenses	PL13669	PL13670	PL13671
7.3. Total policy acquisition expenses	PL17526	PL17527	PL17528
7.4. Policy maintenance - commission and other incremental expenses	PL13672	PL13673	PL13674
7.5. Policy maintenance - other expenses	PL13675	PL13676	PL13677
7.6. Total policy maintenance expenses	PL17529	PL17530	PL17531
7.7. Investment management expenses	PL13678	PL13679	PL13680
7.8. Acquisition expenses reported as movement in policy liability (Net movement in DAC)	PL13681	PL13682	PL13683
7.9. Other administration expenses	PL13684	PL13685	PL13686
7.10. Interest expense on subordinated debt	PL13687	PL13688	PL13689
7.11. Interest expense on other borrowings	PL13690	PL13691	PL13692
7.12. Total non-life operating expenses	PL13693	PL13694	PL13695
7.13. Total operating expenses	PL13696	PL13697	PL13698

8. Movement in net policy liabilities
8.1. Increase / (decrease) in net policy liabilities	PL13699	PL13700	PL13701
8.1.1. Of which: Surplus distributed to benefit fund members (friendly society only)	PL17500	PL17501	PL17502
8.1.2. Of which: Increase / (decrease) in unallocated surplus (friendly society only)	PL17503	PL17504	PL17505

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	PL13702	PL13703	PL13704
9.2. Policy conversions - inwards	PL13705	PL13706	PL13707
9.3. Inwards reinsurance premium revenue	PL13708	PL13709	PL13710
9.4. Total non-life insurance premiums	PL13711	PL13712	PL13713
9.5. Outward reinsurance premiums expense	PL13714	PL13715	PL13716
9.6. Total policy revenue, net of reinsurance	PL13717	PL13718	PL13719

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	PL13720	PL13721	PL13722
10.2. Maturities	PL13723	PL13724	PL13725
10.3. Annuities	PL13726	PL13727	PL13728
10.4. Surrenders and terminations	PL13729	PL13730	PL13731
10.5. Policy conversions - outwards	PL13732	PL13733	PL13734
10.6. Other Claims	PL13735	PL13736	PL13737
10.7. Total Claims	PL17532	PL17533	PL17534
10.8. Inwards reinsurance claims expense (including current year bonus)	PL13738	PL13739	PL13740
10.9. Total non-life policy expense	PL13741	PL13742	PL13743
10.10. Outward reinsurance claims revenue	PL13744	PL13745	PL13746
10.11. Policy acquisition - commission and other incremental expenses	PL13747	PL13748	PL13749
10.12. Policy acquisition - other expenses	PL13750	PL13751	PL13752
10.13. Total policy acquisition expenses	PL17535	PL17536	PL17537
10.14. Total policy expense, net of reinsurance	PL13753	PL13754	PL13755

11. Effective movement in net policy liabilities	PL13756	PL13757	PL13758

12. Change in policy owner retained profits
12.1. Increase / (decrease) in policy owner retained profits	PL13759	PL13760	PL13761

13. Other expenses	PL13762	PL13763	PL13764

14. Total expenses	PL13765	PL13766	PL13767

15. Profit / (loss) before income tax	PL13768	PL13769	PL13770

16. Tax
16.1. Income tax attributable to profit / (loss) - shareholders	PL13771	PL13772	PL13773
16.2. Income tax attributable to profit / (loss) - policy owners	PL13774	PL13775	PL13776
16.3. Total tax	PL13777	PL13778	PL13779

17. Profit / (loss) after income tax	PL13780	PL13781	PL13782

18. Increase / (decrease) in unallocated benefit fund reserves	PL13783	PL13784	PL13785

19. Profit / (loss) after income tax attributable to shareholders	PL13786	PL13787	PL13788

Annual return reconciliations
(Only complete for annual returns)

20. Reconciliation adjustments	PL13789	PL13790	PL13791

21. Operating profit / (loss) after tax, per general purpose accounts - statement of profit or loss	PL13792	PL13793	PL13794