Gabarit SA recognises a group of contracts for which the present value of outflows is 6,200, the present value of inflows is 5,900 and the risk adjustment for non-financial risk is 250 (case data; acquisition cash flows nil). The group is onerous on initial recognition. Record the entry for the loss on the group (the receipt of premiums is recorded separately).
- Present value of outflows
- 6,200
- Present value of inflows
- 5,900
- Risk adjustment for non-financial risk
- 250