Notes to Profit and Loss Account

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General PHIAC Circulars

Circular No 73

NOTES TO PROFIT AND LOSS ACCOUNT
  1. Profit and Loss account information in this schedule is to be provided on a national basis only. A separate schedule (Schedule 4) is provided for open membership organisations which carry on business in more than one State detailing Contribution Income and Fund Benefits Payable on a State basis.
  2. The headings set out above, to the extent that they are material, must be used in the profit and loss account.
  3. The accounts must include a note which provides details of each of the following items for the current year and the previous year:
Contribution income receivable  
Hospital Tables  
Ancill. Tables  
Total

Contributions received

 

 

 

+/- Adj. to prov'n for contribs in arrears

 

 

 

+/- Adj. to prov'n for contribs in advance

 

 

 

Contribution income receivable

 

 

 

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Investment (including diversified activities) and other income

  • Income from Prescribed Companies
  • Interest income
  • Other income

Fund benefits paid to members (Ordinary Account & Reinsurance Account)

  • Hospital tables
  • Ancillary tables

Amounts payable to or receivable from the Health Benefits Reinsurance Trust Fund

  • Hospital tables

State levies

  • This refers to the NSW/ACT ambulance levies

Abnormal items

Extraordinary Items

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