LRF_310_2: Income Statement (SF Total, GF, GF Elim, Entity)
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Australian Business Number
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Institution Name
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Life companies including friendly societies
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Reporting Period
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Scale Factor
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Quarterly / Annual
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Thousands
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Reporting Consolidation
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Licensed insurer
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Revenue
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Total statutory funds
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General fund
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General fund elimination
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Total entity
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Australian business
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Overseas business
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Total business
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1.
Insurance policy revenue
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1.1. Life insurance direct premiums
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1.2.
Policy conversions -
inwards
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1.3.
Inwards life reinsurance
premium revenue
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1.4. Total premiums from non-life insurance business
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1.5. Outward reinsurance premiums expense
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1.6. Total insurance policy revenue, net of reinsurance
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2. Fees for management services rendered
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2.1. Premium-related fees revenue
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2.2. Non-premium related fees
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2.3. Fees reported as movement in policy liability (Net movement in
liability for deferred fee revenue)
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2.4. Total fees for management services rendered
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3. Investment revenue
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3.1. Investment income (excluding capital gains or losses) from
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3.1.1. Cash holdings
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3.1.2. Investment property
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3.1.3. Equity securities
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3.1.4. Debt securities
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3.1.5. Other investment assets
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3.1.6. Total investment income (excluding capital gains or losses)
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3.2. Realised and unrealised capital gains (or losses) from
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3.2.1. Investment property
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3.2.2. Equity securities
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3.2.3. Debt securities
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3.2.4. Other investment assets
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3.2.5. Total realised and unrealised capital gains (or losses)
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3.3. Total investment revenue
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4. Other revenue
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5. Total revenue
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Expenses
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6.
Insurance policy expense
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6.1. Death and disability claims
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6.2. Maturities
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6.3. Annuities
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6.4. Surrenders and terminations
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6.5. Policy conversions - outwards
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6.6. Other claims
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6.7. Inwards reinsurance claims expense (including current year bonus)
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6.8. Total non-life policy expense
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6.9. Outward reinsurance claims revenue
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6.10. Total insurance policy expense, net of reinsurance
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7. Operating expenses
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7.1. Policy acquisition - commission and other incremental expenses
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7.2. Policy acquisition - other expenses
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7.3. Policy acquisition - total expenses
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7.4. Policy maintenance - commission and other incremental expenses
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7.5. Policy maintenance - other expenses
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7.6. Policy maintenance - total expenses
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7.7. Investment management expenses
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7.8. Acquisition expenses reported as movement in policy liability
(Net movement in DAC)
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7.9. Other administration expenses
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7.10. Interest expense on subordinated debt
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7.11. Interest expense on other borrowings
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7.12. Total non-life operating expenses
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7.13. Total operating expenses
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8. Movement in net policy liabilities
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8.1. Increase/(decrease) in net policy liabilities
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8.1.1. Of which: Surplus distributed to benefit fund members
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8.1.2. Of which: Increase/decrease in unallocated surplus
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9. Adjustment to movement in net policy liabilities - policy revenue
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Policy revenue recognised as a deposit or as a change in policy
liability
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9.1. Contractual direct premiums
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9.2. Policy conversions - inwards
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9.3. Inwards reinsurance premium revenue
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9.4. Total non-life insurance premiums
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9.5. Outward reinsurance premiums expense
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9.6. Total policy revenue, net of reinsurance
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10. Adjustment to movement in net policy liabilities - policy expense
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Policy expense recognised as withdrawal of deposit or change in policy
liability
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10.1. Death and disability claims
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10.2. Maturities
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10.3. Annuities
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10.4. Surrenders and terminations
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10.5. Policy conversions - outwards
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10.6. Other claims
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10.7. Total claims
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10.8.
Inwards reinsurance
claims expense (including current year bonus)
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10.9. Total non-life policy expense
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10.10. Outward reinsurance claims revenue
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10.11.
Policy acquisition -
commission and other incremental expenses
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10.12. Policy acquisition - other expenses
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10.13. Policy acquisition - total expenses
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10.14. Total policy expense, net of reinsurance
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11. Effective movement in net policy liabilities
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12. Change in policy owner retained profits
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12.1. Increase/(decrease) in policy owner retained profits
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13. Other expenses
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14. Total expenses
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15. Profit/(loss) before income tax
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16. Tax
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16.1. Income tax attributable to profit/(loss) - shareholders
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16.2. Income tax attributable to profit/(loss) - policy owners
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16.3. Total tax
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17. Profit/(loss) after income tax
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18. Increase/(decrease) in unallocated benefit fund reserves
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19. Profit/(loss) after income tax attributable to shareholders
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Annual return reconciliations
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(Only complete for annual returns)
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20. Reconciliation adjustments
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21. Operating profit/(loss) after tax, per general purpose accounts -
profit & loss account
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