Profit and loss account formatF2N.I.
F2Order repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16 and the repeal being partly in force, as to which see individual Articles (with savings (with adaptations) by Companies Act 2006 (Commencement No. 6, Saving and Commencement Nos. 3 and 5 (Amendment)) Order 2008 (S.I. 2008/674), arts. 2(3), {4}, Sch. 2) and subject to amendments (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b)(2), Sch. 1 paras. 135, 147, 148 {Sch. 2 Note 1} (with arts. 6, 11, 12) and subject to amendments (6.4.2008) by S.R. 2008/133, {regs. 2, 3}
I. Technical account—General business
1. Earned premiums, net of reinsurance
(a)gross premiums written (1)
(b)outward reinsurance premiums (2)
(c)change in the gross provision for unearned premiums
(d)change in the provision for unearned premiums, reinsurers' share
2. Allocated investment return transferred from the non-technical account (item III.6) (10)
2a. Investment income (8) (10)
(a)income from participating interests, with a separate indication of that derived from group undertakings
(b)income from other investments, with a separate indication of that derived from group undertakings
(aa)income from land and buildings
(bb)income from other investments
(c)value re-adjustments on investments
(d)gains on the realisation of investments
3. Other technical income, net of reinsurance
4. Claims incurred, net of reinsurance (4)
(a)claims paid
(aa)gross amount
(bb)reinsurers' share
(b)change in the provision for claims
(aa)gross amount
(bb)reinsurers' share
5. Changes in other technical provisions, net of reinsurance, not shown under other headings
6. Bonuses and rebates, net of reinsurance (5)
7. Net operating expenses
(a)acquisition costs (6)
(b)change in deferred acquisition costs
(c)administrative expenses (7)
(d)reinsurance commissions and profit participation
8. Other technical charges, net of reinsurance
8a. Investment expenses and charges (8)
(a)investment management expenses, including interest
(b)value adjustments on investments
(c)losses on the realisation of investments
9. Change in the equalisation provision
10. Sub-total (balance on the technical account for general business) (item III.1)
II. Technical account—long term business
1. Earned premiums, net of reinsurance
(a)gross premiums written (1)
(b)outward reinsurance premiums (2)
(c)change in the provision for unearned premiums, net of reinsurance (3)
2. Investment income (8) (10)
(a)income from participating interests, with a separate indication of that derived from group undertakings
(b)income from other investments, with a separate indication of that derived from group undertakings
(aa)income from land and buildings
(bb)income from other investments
(c)value re-adjustments on investments
(d)gains on the realisation of investments
3. Unrealised gains on investments (9)
4. Other technical income, net of reinsurance
5. Claims incurred, net of reinsurance (4)
(a)claims paid
(aa)gross amount
(bb)reinsurers' share
(b)change in the provision for claims
(aa)gross amount
(bb)reinsurers' share
6. Change in other technical provisions, net of reinsurance, not shown under other headings
(a)long-term business provision, net of reinsurance (3)
(aa)gross amount
(bb)reinsurers' share
(b)other technical provisions, net of reinsurance
7. Bonuses and rebates, net of reinsurance (5)
8. Net operating expenses
(a)acquisition costs (6)
(b)change in deferred acquisition costs
(c)administrative expenses (7)
(d)reinsurance commissions and profit participation
9. Investment expenses and charges (8)
(a)investment management expenses, including interest
(b)value adjustments on investments
(c)losses on the realisation of investments
10. Unrealised losses on investment (9)
11. Other technical charges, net of reinsurance
11a. Tax attributable to the long-term business
12. Allocated investment return transferred to the non-technical account (item III.4)
12a. Transfers to or from the fund for future appropriations
13. Sub-total (balance on the technical account—long term business) (item III.2)
III. Non-technical account
1. Balance on the general business technical account—(item I.10)
2. Balance on the long-term business technical account—(item II.13)
[F12a. Tax credit attributable to balance on the long term business technical account]
3. Investment income (8)
(a)income from participating interests, with a separate indication of that derived from group undertakings
(b)income from other investments, with a separate indication of that derived from group undertakings
(aa)income from land and buildings
(bb)income from other investments
(c)value re-adjustments on investments
(d)gains on the realisation of investments
3a. Unrealised gains on investments (9)
4. Allocated investment return transferred from the long-term business technical account (item II.12) (10)
5. Investment expenses and charges (8)
(a)investment management expenses, including interest
(b)value adjustments on investments
(c)losses on the realisation of investments
5a. Unrealised losses on investments (9)
6. Allocated investment return transferred to the general business technical account (item I.2) (10)
7. Other income
8. Other charges, including value adjustments
8a. Profit or loss on ordinary activities before tax
9. Tax on profit or loss on ordinary activities
10. Profit or loss on ordinary activities after tax
11. Extraordinary income
12. Extraordinary charges
13. Extraordinary profit or loss
14. Tax on extraordinary profit or loss
15. Other taxes not shown under the preceding items
16. Profit or loss for the financial year
F1SR 1997/314