PFN PIN 6.5.19

Item 23, provisions, must be completed having regard to the following principles:

(a) A provision must be made at item 23.1 in respect of dividends payable out of past and current year profit, to the extent that profit has been recognised;
(b) Employee entitlements at item 23.2 include annual leave, gratuity, accrued allowances, staff housing and loan benefits, healthcare, pension and other Employee entitlements; and
(c) A provision must be made at item 23.3 in respect of any costs that the Insurer expects to incur as a result of restructuring, including severance, termination and redundancy payments, and integration costs.

Derived from DFSA RM11/2004 (Made 16th September 2004). [VER1/09-04]