11. 11.2 Total Reinsurance contract assets as at 1 January (1 660) 748 1 619 740 1 447 Changes relating to current service CSM recognised for the services received – – (97) (46) (144) Change in risk adjustment for nonfinancial risk for the risk expired and notional interest accreted – 19 – – 19 Experience adjustments – relating to incurred claims and other directly attributed expenses recovery (49) – – – (49) Total changes relating to current service (49) 19 (97) (46) (174) Net income/(expenses) from reinsurance contracts held (49) 19 (97) (46) (174) Finance income (expenses) from reinsurance contracts held (50) – 66 37 52 Total amounts recognised in profit or loss (99) 19 (32) (10) (121) Changes that adjust the CSM through the statement of financial position (207) 63 253 (109) – Changes that adjust the RA through the statement of financial position (74) 74 – – – Other movements Non-cash reinsurance movement (14) – – – (14) Cash flows Premiums paid net of ceding commissions and other directly attributable expenses paid 604 – – – 604 Recoveries from reinsurance (607) – – – (607) Total cash flows (3) – – – (3) Reinsurance contract assets as at 31 December (2 057) 905 1 840 621 1 310 Estimates of Present value of future cash flows Risk adjustment for nonfinancial risk 2022 R'm Reinsurance contract assets (continued) Reconciliation of measurement components of reinsurance contract balances (continued) CSM Contracts under fair value approach Other contracts NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 167 Notes to the Consolidated Financial Statements
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