1. Note Financial assets and liabilities classified as fair value through profit or loss on initial recognition Financial assets and liabilities at amortised cost PPS ProfitShare accounts and reinsurance contracts Total carrying amount Fair value 7 15 691 – – 15 691 15 691 7 6 607 – – 6 607 6 607 7 20 042 – – 20 042 20 042 7 57 – – 57 57 7 11 500 – – 11 500 11 500 9 – – 1 382 1 382 1 382 13 – 1 069 – 1 069 1 069 14 – 2 915 – 2 915 2 915 10 – – (32 293) (32 293) (32 293) – – (7 290) (7 290) (7 290) – – (240) (240) (240) 9 – – (118) (118) (118) 15 (4 495) – – (4 495) (4 495) 16 (15 086) – – (15 086) (15 086) 9 – – (13) (13) (13) 20 – (221) – (221) (221) (a) * Fair value analysis of financial statement line items with a fair value (continued) The note has been restated to align with IFRS 17 disclosures and to remove prepayments from the table Qualifying policyholders’ residual interest in the net assets of the PPS Group Group R’m 2022 Restated* Equity securities(a) Local listed International listed Debt securities(a) Government and local bonds International listed Unit trusts and pooled funds(a) Reinsurance contract assets Receivables Cash and cash equivalents PPS Profit-Share accounts Liability for remaining coverage and incurred claims Short-term insurance policy liabilities Investment contract liabilities Debt securities are designated at fair value through profit and loss and Equity securities and Unit trusts and pooled funds are mandatorily held at fair value through profit and loss. Payables Liabilities to unit trust holders Reinsurance contract liabilities NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 33 16. 2023 2022 R’m R’m 15 086 13 347 2 793 1 939 (1 860) (420) 479 321 1 427 (101) 1 285 1 049 500 (862) (358) (288) 17 925 15 086 17 925 15 086 (a) 2023 2022 R’m R’m 17 925 15 086 15 465 13 172 527 269 2 144 1 769 (211) (124) Liabilities to outside unit trust holders Liabilities to outside unit trust holders Current Group Liabilities to outside unit trust holders are classified as Level 2, as the fair value of the unit trust funds are derived from unit prices published by the unit trust fund managers. Net assets backing up liabilities to unit trust holders Investment income (dividends and interest income) Gains/(losses) on financial assets Expenses(a) Balance at end of the year Balance at beginning of the year Investment by outside unit trust holders Redemptions by outside unit trust holders Foreign currency translation gains Total comprehensive income/(losses) attributable to outside unit trust holders Expenses comprise asset manager fees, income tax expense and other professional service fees Financial assets – Investments at fair value through profit or loss (Note 7) Receivables Cash and cash equivalents (Note 14) Payables Group 174 Notes to the Consolidated Financial Statements
RkJQdWJsaXNoZXIy MTY2ODY3Ng==