FCFs

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in CIA.IFRS17-LRC

Under Section 5 you mentioned below:

Okay, even Ian-the-Intern knows those things. Now, what is it about PAA that makes it simpler than GMA?
PAA does not require estimation of FCFs (Future Cash Flows) <-- shouldn't it be "Fulfillment Cash Flows"?

Comments

  • Staff-T1Staff-T1

    Either is correct. Fulfillment cash flows is the discounted future cash flows. If you do not estimate the future cash flows, it is implied that you wouldn't estimate the fulfillment cash flows either

  • bennybees1bennybees1

    Aren't the fulfillment cash flows are the discounted future cash flows plus RA?

  • Staff-T1Staff-T1

    Yeap including RA

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