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2018
2017
2016
2015
2014 DESCRIPTION OF
R’000 R’000 R’000 R'000 R'000 INDIVIDUAL ITEMS
ASSETS
Property and
equipment
640 330
593 445 546 196 467 147 142 348 Fixed assets. These include PPS' head
office premises, furniture, equipment,
computers and vehicles.
Investment
property
408 540
381 869 356 469 378 506 315 343 Properties which are held for the
purpose of rental income and capital
appreciation.
Intangible asset
121 771
89 941
73 187
63 797
53 402 PPS internally developed insurance
software.
Other non-current
assets
43 215 133
41 395 493 37 149 710 32 911 799 30 193 145 Assets backing insurance liabilities.
These mainly include investments
in equities and bonds, which
assets are managed by investment
managers who act in accordance
with investment mandates set by the
board of directors of PPS Insurance.
Current assets
3 202 921
3 530 857 2 382 905 3 369 091 2 005 430 Primarily cash resources of PPS
Group.
Total assets
47 588 695
45 991 605 40 508 467 37 190 340 32 709 668
EQUITY AND
LIABILITIES
Total equity
359 791
449 414 400 086 300 071
202 507 Statutory capital requirement of the
insurance entities, revaluation reserve
of owner-occupied properties, certain
reserves of subsidiaries, and minority
interest.
Total insurance
policy liabilities
31 136 462
31 417 920 28 216 448 26 591 016 24 646 747
PPS Profit-Share
Accounts (DPF
Policyholder
Liabilities
26 073 342
26 614 866 23 948 940 22 223 556 21 014 757 Members' Profit-Share Accounts
comprising cumulative
operating profits and investment
profits/(losses).
Actuarial reserves
(Non-DPF
Policyholder
Liabilities)
4 537 047
4 268 376 3 906 807 3 995 846 3 297 366 Capital held to pay future claims.
Current liabilities
526 073
534 678 360 701
371 614 334 624 Long-term insurance: Notified
claims not yet paid and claims
provisions.
Investment
contract liabilities
2 045 946
1 876 916 1 464 986 1 139 647 825 699 Funds of members invested in PPS
living annuities and endowment
products.
Liabilities to unit
trust holders
12 670 465
10 709 000 9 088 757 7 673 934 5 848 820 Value of outsiders' investments
in unit trusts in which PPS owns a
majority stake.
Other liabilities
1 376 031
1 538 355 1 338 190 1 485 672 1 185 895 Primarily short-term liabilities.
Total equity and
liabilities
47 588 695
45 991 605 40 508 467 37 190 340 32 709 668
PPS GROUP CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
as at 31 December 2018
ABRIDGED ANNUAL
FINANCIAL STATEMENTS
PPS Members’
Profit-Share Accounts
comprising Apportionment
and Special Benefit
Accounts
33