2021 PPS INTEGRATED REPORT

PPS Integrated Report 2021 117 | Contents CONTENTS 118 Statement of responsibility by the Board of Trustees 119 Certificate by the Secretary 120 Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer 121 Independent Auditor’s Report 124 Investment returns and profit allocation to policyholders’ PPS Profit-Share Account 126 Trustees’ Report 128 Audit Committees’ Report 132 Group Social and Ethics Committee’s Report 134 Consolidated Statement of Financial Position 135 Consolidated Statement of Profit or Loss and Other Comprehensive Income 136 Consolidated Statement of Changes in Equity 137 Consolidated Statement of Cash Flows 138 Group Accounting Policies 154 Notes to the Consolidated Financial Statements 222 Action required by members in regard to the 2022 Annual General Meeting 223 Notice to the members of the Annual General Meeting and CVs of Candidates standing for election 235 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: 30 March 2022

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