PET - Plain English Taxonomy

Label: Financial Risk Management Capital Credit Risk Default Adjustment DTA Amount
TREF ID: DE5683
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
Report the value of the Credit Risk Default Adjustment in relation to admissible Deferred Tax Assets in the General Fund with a resilience requirement, as per the management capital prudential standard. The Credit Risk Default Adjustment is an addition to the resilience reserves calculated using the prescribed Credit Risk Default factors as set out in the management capital prudential standard. The Resilience Reserve is determined as the additional amount that needs to be held before the happening of a prescribed set of changes in the economic environment ( as per the management capital prudential standard), such that after the changes the admissible assets of the General Fund are able to meet the liabilities of the General Fund, in an ongoing business context.The admissible value of tax assets is the value as determined in accordance with the accounting standards less the value of those deemed to be inadmissible, as per the management capital prudential standard. The inadmissible assets are: a) assets which have a value that is dependent upon the continuation of the business;b) holdings in an associated or subsidiary entity which is a Financial Services entity;c) non-realisable (in the context of the scenarios of adverse experience) intangible assets;d) other assets not measured at fair value in the regulatory financial statements; ande) the alignment necessary to ensure the remaining assets and the other liabilities are based on net market value.General Fund refers to the management fund for a friendly society or the shareholders' fund for other life companies, and is distinct and separate from the statutory funds of the life company. 

Usage
Form Labels
Label:
DTA - Credit Risk Default Adj