11. 11.3 2022 R'm Asset for remaining coverage Estimates of the present value of future cash flows Risk adjustment for nonfinancial risk Total Reinsurance contract assets/(liabilities) as at 1 January (9) 27 7 25 Allocation of reinsurance premiums paid (71) – – (71) Incurred claims recovery – 29 (0) 29 Changes in the loss-recovery component – 1 8 9 Changes in incurred claims risk adjustment – 2 (1) 1 Net income/(expenses) from reinsurance contracts held (71) 31 7 (33) Finance income from reinsurance contracts – 1 0 1 Total amounts recognised in profit or loss (71) 32 8 (31) Cash flows Premium paid net of ceding commissions and other directly attributable expenses 67 (1) – 66 Total cash flows 67 (1) – 66 Reinsurance contract assets/(liabilities) as at 31 December (13) 57 15 59 Short-Term Insurance Reinsurance held Amounts recoverable for incurred claims Reinsurance contract assets (continued) Reconciliation of the remaining coverage and incurred claims (continued) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 169 Notes to the Consolidated Financial Statements
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