372 definitions found
AASB 17
Definition
A[16]
An entity’s obligation to: (a) investigate and pay valid claims for insured events that have already occurred, including events that have occurred but for which claims have not been reported, and other incurred insurance expenses; and (b) …
AASB 17
Definition
A[17]
An entity’s obligation to: (a) investigate and pay valid claims under existing insurance contracts for insured events that have not yet occurred (ie the obligation that relates to the unexpired portion of the insurance coverage); and (b) …
AASB 17
Definition
A[18]
A party that has a right to compensation under an insurance contract if an insured event occurs. …
AASB 17
Definition
A[19]
Insurance contracts subject to similar risks and managed together. …
AASB 17
Definition
A[20]
An insurance contract issued by one entity (the reinsurer) to compensate another entity for claims arising from one or more insurance contracts issued by that other entity (underlying …
AASB 17
Definition
A[21]
The compensation an entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risk as the entity fulfils insurance contracts …
AASB 17
Definition
A[22]
Items that determine some of the amounts payable to a policyholder . Underlying items can comprise any items; for example, a reference portfolio of assets, the net assets of the entity, or a specified subset of the net assets of the …
AASB 5
Definition
A[1]
The smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of …
AASB 5
Definition
A[2]
Operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the …
AASB 5
Definition
A[3]
The incremental costs directly attributable to the disposal of an asset (or disposal group ), excluding finance costs and income tax …