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INTERNATIONAL FINANCIAL REPORTING STANDARD 4 (2005)

Index

  Source

-

Commission Regulation (EC) No 2236/2004 of 29 December 2004 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards (IFRSs) Nos 1, 3 to 5, International Accounting Standards (IASs) Nos 1, 10, 12, 14, 16 to 19, 22, 27, 28, 31 to 41 and the interpretations by the Standard Interpretation Committee (SIC) Nos 9, 22, 28 and 32

  Content

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IFRS 4: Insurance Contracts

Objective

1

Scope

2-12

Embedded derivatives

7-9

Unbundling of deposit components

10-12

Recognition and measurement

13-35

Temporary exemption from some other IFRSs

3-20

Liability adequacy test

15-19

Impairment of reinsurance assets

20

Changes in accounting policies

21-30

Current market interest rates

24

Continuation of existing practices

25

Prudence

26

Future investment margins

27-29

Shadow accounting

30

Insurance contracts acquired in a business combination or portfolio transfer
 

31-33

Discretionary participation features

34-35

Discretionary participation features in insurance contracts

34

Discretionary participation features in financial instruments

35

Disclosure
 

36-39

Explanation of recognised amounts

36-37

Amount, timing and uncertainty of cash flows

38-39

Effective date and transition

40-45

Disclosure

42-44

Redesignation of financial assets

45

Appendix A

A1

Defined terms

Appendix B

B1-B30

Definition of an insurance contract

 

Index

 


 

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