IASB Implementation information - read more

93 The objective of the disclosure requirements is for an entity to disclose information in the notes that, together with the information provided in the statement of financial position, statement(s) of financial performance and statement of cash flows, gives a basis for users of financial statements to assess the effect that contracts within the scope of IFRS 17 have on the entity’s financial position, financial performance and cash flows. To achieve that objective, an entity shall disclose qualitative and quantitative information about:

(a) the amounts recognised in its financial statements for contracts within the scope of IFRS 17 (see paragraphs 97-116);

(b) the significant judgements, and changes in those judgements, made when applying IFRS 17 (see paragraphs 117-120); and

(c) the nature and extent of the risks from contracts within the scope of IFRS 17 (see paragraphs 121-132).