2020 INTEGRATED REPORT

CONTENTS 108 Statement of responsibility by the Board of Trustees 109 Certificate by the Secretary 110 Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer 111 Independent Auditor’s Report 114 Investment returns and profit allocation to policyholders’ PPS Profit-Share Account 116 Trustees’ Report 118 Audit Committees’ Report 122 Group Social and Ethics Committee’s Report 124 Consolidated Statement of Financial Position 125 Consolidated Statement of Profit or Loss and Other Comprehensive Income 126 Consolidated Statement of Changes in Equity 127 Consolidated Statement of Cash Flows 128 Group Accounting Policies 144 Notes to the Consolidated Financial Statements 210 Action required by members in regard to the 2021 Annual General Meeting 211 Notice to the members of the Annual General Meeting and CVs of Candidates standing for election 219 Form of proxy IBC Administrative information This report comprises of the audited consolidated annual financial statements of The Professional Provident Society Holdings Trust and its subsidiaries. The reportwaspreparedunder the supervisionof TBoeschCA(SA). AnauditwasperformedbyPricewaterhouseCoopers Inc. in line with requirements of the Trust Deed. Published: 25 March 2021 106 | PPS INTEGRATED REPORT 2020