PET - Plain English Taxonomy

Attribute:	BSL17124
Concept:	Liabilities Other Balance Sheet Liabilities Amount
Label:	Totalotherliabilities
Concept Guidance:	This is the value, as at the relevant date, for liabilities other than: - Borrowings- Trade and other payables- Provisions- Gross policy liabilities- Policy owner retained profits- Unearned premium income- Approved subordinated debt Liabilities, as defined by the Australian Accounting Standards, are present obligations of an entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.

Dimensions

Dimension	Member	Description
BalanceTypeDimension	(FairValue)	This dimension identifies the measurement scenario under which the reported value was calculated. The value reported is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.The fair value should be able to be determined through observation of similar transactions, quoted market prices, independent valuations or if there is no readily observable market, through the ability to liquidate the item or through assessing the net present value of future cash flows.
HedgingBasisDimension	(Hedged)	The purpose for which the transaction was made (i.e. for hedging purposes or profit-making purposes) Report only where the purpose of the transaction is to offset the risk of changes in the fair value or cash flows of another contract (i.e. this is a hedging transaction).
LifeFundSegmentsDimension	(GeneralFund)	Life companies and friendly societies are required to segregate their business activities into that which is conducted for life insurance and that which is for internal operations of the company. This dimension identifies these business segments. These are the values associated with the business activities other than that within the statutory funds of life companies and benefit funds of friendly societies.