PET - Plain English Taxonomy

Label:	Expense Operating Acquisition Costs Deferred Net Movement Amount
TREF ID:	DE4386
Data Type:	xbrli:monetaryItemType
Period Type:	duration
Balance Type:	debit
Business Description & Guidance:	Report the value of amortization and impairment of existing deferred acquisition costs (DAC) related to the risk component of premiums acquired, less additional deferrals of acquisition expenses for life insurance (risk) components during the relevant period as per the Australian Accounting Standards.

Usage

Form	Labels
LRF_310_1	Label: Guidance:	Acquisition expenses reported as a movement in policy liabilities (i.e. net movement in DAC) Abnormal operating expenses are not to be excluded or shown separately, but included in the relevant category. Report only the amounts recognised as movements in policy liabilities. Note that amounts are as per AASB 138, and not offset by any initial fee revenue.
LRF_310_2	Label: Guidance:	Acquisition expenses reported as a movement in policy liabilities (i.e. net movement in DAC) Abnormal operating expenses are not to be excluded or shown separately, but included in the relevant category. Report only the amounts recognised as movements in policy liabilities. Note that amounts are as per AASB 138, and not offset by any initial fee revenue.

Form

Labels

LRF_310_1

Label:

Guidance:

Acquisition expenses reported as a movement in policy liabilities (i.e. net movement in DAC)
Abnormal operating expenses are not to be excluded or shown separately, but included in the relevant category. Report only the amounts recognised as movements in policy liabilities.

Note that amounts are as per AASB 138, and not offset by any initial fee revenue.

LRF_310_2

Label:

Guidance:

Acquisition expenses reported as a movement in policy liabilities (i.e. net movement in DAC)
Abnormal operating expenses are not to be excluded or shown separately, but included in the relevant category. Report only the amounts recognised as movements in policy liabilities.

Note that amounts are as per AASB 138, and not offset by any initial fee revenue.