Q22

SMNSSMNS
in CAS Sample IFRS 17 Questions

  1. For part b) non-attributable expenses are not considered in LRC calculations but should not they be reflected in F/S ? For instance in calculation of component B and C? Where are these expenses usually reflected?

  2. For the directly attributable maintenance costs, if its incurred in 2023 why is it included in component B for F/s for the year ended 31/12/2024?

Comments

  • Staff-T1Staff-T1
    edited September 2025
    1. They are, they just go directly into your ISE. It is stated in the question
    2. Because they are attributed to the group of contracts and those contracts only incept in 2024
  • Anon123Anon123

    I am confused about the non-attributable expenses - it looks like they are not considered at all in the solution, but your response above says they are?

  • Staff-T1Staff-T1
    I meant that they are considered in the ISE but are not part of the GMA calculation
  • Anon123Anon123

    In the solution to part b, I believe only the attributable expenses are included in the ISE. Is this a mistake in the solution?

  • Staff-T1Staff-T1

    No it is not a mistake because they said this relates to page 20.14 which means the financials exclusively correspond to insurance contracts only

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