国际财务报告准则第四号-IFRS4

IFRS4©IFRSFoundationA179InternationalFinancialReportingStandard4InsuranceContractsThisversionincludesamendmentsresultingfromIFRSsissuedupto31December2010.IFRS4InsuranceContractswasissuedbytheInternationalAccountingStandardsBoard(IASB)inMarch2004.IFRS4anditsaccompanyingdocumentshavebeenamendedbythefollowingIFRSs:•IFRS7FinancialInstruments:Disclosures(issuedAugust2005)•FinancialGuaranteeContracts(AmendmentstoIAS39andIFRS4)(issuedAugust2005)•IFRS8OperatingSegments(issuedNovember2006)*•IAS1PresentationofFinancialStatements(asrevisedinSeptember2007)*•IFRS3BusinessCombinations(asrevisedinJanuary2008)†•IAS27ConsolidatedandSeparateFinancialStatements(asamendedinJanuary2008)†•ImprovingDisclosuresaboutFinancialInstruments(AmendmentstoIFRS7)(issuedMarch2009)*•IFRS9FinancialInstruments(issuedNovember2009)§•IFRS9FinancialInstruments(issuedOctober2010).§InDecember2005theIASBpublishedrevisedguidanceonimplementingIFRS4.ThefollowingInterpretationreferstoIFRS4:•SIC-27EvaluatingtheSubstanceofTransactionsInvolvingtheLegalFormofaLease(asamendedin2004).*effectivedate1January2009†effectivedate1July2009§effectivedate1January2013(earlierapplicationpermitted)IFRS4A180©IFRSFoundationCONTENTSparagraphsINTRODUCTIONIN1–IN11INTERNATIONALFINANCIALREPORTINGSTANDARD4INSURANCECONTRACTSOBJECTIVE1SCOPE2–12Embeddedderivatives7–9Unbundlingofdepositcomponents10–12RECOGNITIONANDMEASUREMENT13–35TemporaryexemptionfromsomeotherIFRSs13–20Liabilityadequacytest15–19Impairmentofreinsuranceassets20Changesinaccountingpolicies21–30Currentmarketinterestrates24Continuationofexistingpractices25Prudence26Futureinvestmentmargins27–29Shadowaccounting30Insurancecontractsacquiredinabusinesscombinationorportfoliotransfer31–33Discretionaryparticipationfeatures34–35Discretionaryparticipationfeaturesininsurancecontracts34Discretionaryparticipationfeaturesinfinancialinstruments35DISCLOSURE36–39AExplanationofrecognisedamounts36–37Natureandextentofrisksarisingfrominsurancecontracts38–39AEFFECTIVEDATEANDTRANSITION40–45Disclosure42–44Redesignationoffinancialassets45APPENDICESADefinedtermsBDefinitionofaninsurancecontractCAmendmentstootherIFRSsAPPROVALBYTHEBOARDOFIFRS4ISSUEDINMARCH2004APPROVALBYTHEBOARDOFFINANCIALGUARANTEECONTRACTS(AMENDMENTSTOIAS39ANDIFRS4)ISSUEDINAUGUST2005BASISFORCONCLUSIONSIMPLEMENTATIONGUIDANCEFORTHEACCOMPANYINGDOCUMENTSLISTEDBELOW,SEEPARTBOFTHISEDITIONIFRS4©IFRSFoundationA181InternationalFinancialReportingStandard4InsuranceContracts(IFRS4)issetoutinparagraphs1–45andAppendicesA–C.Alltheparagraphshaveequalauthority.Paragraphsinboldtypestatethemainprinciples.TermsdefinedinAppendixAareinitalicsthefirsttimetheyappearintheStandard.DefinitionsofothertermsaregivenintheGlossaryforInternationalFinancialReportingStandards.IFRS4shouldbereadinthecontextofitsobjectiveandtheBasisforConclusions,thePrefacetoInternationalFinancialReportingStandardsandtheConceptualFrameworkforFinancialReporting.IAS8AccountingPolicies,ChangesinAccountingEstimatesandErrorsprovidesabasisforselectingandapplyingaccountingpoliciesintheabsenceofexplicitguidance.IFRS4A182©IFRSFoundationIntroductionReasonsforissuingtheIFRSIN1ThisisthefirstIFRStodealwithinsurancecontracts.Accountingpracticesforinsurancecontractshavebeendiverse,andhaveoftendifferedfrompracticesinothersectors.BecausemanyentitieswilladoptIFRSsin2005,theInternationalAccountingStandardsBoardhasissuedthisIFRS:(a)tomakelimitedimprovementstoaccountingforinsurancecontractsuntiltheBoardcompletesthesecondphaseofitsprojectoninsurancecontracts.(b)torequireanyentityissuinginsurancecontracts(aninsurer)todiscloseinformationaboutthosecontracts.IN2ThisIFRSisasteppingstonetophaseIIofthisproject.TheBoardiscommittedtocompletingphaseIIwithoutdelayonceithasinvestigatedallrelevantconceptualandpracticalquestionsandcompleteditsfulldueprocess.MainfeaturesoftheIFRSIN3TheIFRSappliestoallinsurancecontracts(includingreinsurancecontracts)thatanentityissuesandtoreinsurancecontractsthatitholds,exceptforspecifiedcontractscoveredbyotherIFRSs.Itdoesnotapplytootherassetsandliabilitiesofaninsurer,suchasfinancialassetsandfinancialliabilitieswithinthescopeofIFRS9FinancialInstruments.Furthermore,itdoesnotaddressaccountingbypolicyholders.IN4TheIFRSexemptsaninsurertemporarily(ieduringphaseIofthisproject)fromsomerequirementsofotherIFRSs,includingtherequirementtoconsidertheFrameworkinselectingaccountingpoliciesforinsurancecontracts.However,theIFRS:(a)prohibitsprovisionsforpossibleclaimsundercontractsthatarenotinexistenceattheendofthereportingperiod(suchascatastropheandequalisationprovisions).(b)requiresatestfortheadequacyofrecognisedinsuranceliabilitiesandanimpairmenttestforreinsuranceassets.(c)requiresaninsurertokeepinsuranceliabilitiesinitsstatementoffinancialpositionuntiltheyaredischargedorcancelled,orexpire,andtopresentinsuranceliabilitieswithoutoffsettingthemagainstrelatedreinsuranceassets.IN5TheIFRSpermitsaninsurertochangeitsaccountingpoliciesforinsurancecontractsonlyif,asaresult,itsfinancialstatementspresentinformationthatismorerelevantandnolessreliable,ormorereliablean