13. 2023 Restated* 2022 R’m R’m 1 842 1 070 523 213 8 27 814 582 (234) (234) 7 9 (4) (4) 728 477 43 29 1 885 1 099 930 606 955 493 1 842 1 070 (a) Allowances for impairment losses of loan to PPS Mutual (234) (234) (234) (234) (b) Allowances for impairment losses of receivables from investment property lessees (4) (3) – (2) – 1 (4) (4) (c) (d) * Receivables accrued interest Included in the 2023 related party balance is an additional loan of R201 million to PPS Mutual in Australia. This loan is part of the funding of PPS Mutual's capital requirements. There's also R30 million related party balance with PPS New Zealand. Impairment loss recognised Impairment loss written off At end of year Fair value of receivables held at amortised cost sundry receivables(d) Prepayments Total receivables including prepayments accrued dividends loan to PPS Mutual and related parties (c) less allowance for impairment loss of loan to PPS Mutual (a) Current Non-current An amount of R429 million is included in sundry receivables relating to an upfront payment to acquire 50% of the issued shares of Ausmanco Proprietary Limited in 2026. This upfront deposit serves as security to the Group's agreed commitment to acquire those shares. The deposit is held under restricted conditions and classified as non-current. Specific allowances for impairment At beginning of year Specific allowances for impairment At end of year The initial application of IFRS 17 has a material effect on the information in the prior period, 31 December 2022. The Group is presenting a restated 31 December 2022 receivables to reflect the initial application of IFRS 17. Receivables At beginning of year Group receivables from investment property lessees less allowance for impairment of receivables from investment property lessees (b) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) 171 Notes to the Consolidated Financial Statements
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