(Continuation news of PRIMELIFE): Finally, the Company has not transferred Lease Liabilities at Net Present Value from Office Rent Expense, interest expense on lease liabilities, total cash outflow of the leases, the carrying amount of right-of-use assets at the end of the reporting period by class of underlying asset, which is a non-compliance of para-47 & 53 of IFRS-16. 5. As per section 30 (1) of Insurance Act 2010, every insurer carrying on life insurance business shall, (cont. 13)