Balance Sheets
as at December 31, 2007 |
|
|
|
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| R000 |  |
||||||
|
Group |
Company |
|||||
Note |
2007 |
2006 |
2007 |
2006 |
|||
| Assets | |||||||
| Property and equipment | 63,531 |
68,476 |
59,910 |
63,181 |
|||
| Investment property | 5,674 |
9,641 |
– |
–- |
|||
| Investment in subsidiaries | – |
– |
73,075 |
75,138 |
|||
| Investment in associates | – |
3,295 |
– |
– |
|||
| Financial assets: | |||||||
| – Available-for-sale | 668,267 |
678,650 |
666,066 |
628,830 |
|||
| – At fair value through income | 437,811 |
379,761 |
437,666 |
379,705 |
|||
| – Loans and receivables | 1,231,857 |
1,013,867 |
1,127,129 |
896,626 |
|||
| Retirement benefit fund surplus | 96,196 |
230,764 |
96,196 |
230,764 |
|||
| Assets arising from reinsurance contracts | 481,928 |
605,614 |
461,736 |
543,145 |
|||
| Intangible insurance assets – deferred | |||||||
| acquisition costs | 113,127 |
98,736 |
102,680 |
98,736 |
|||
| Taxation asset | 70,083 |
34,811 |
62,910 |
31,645 |
|||
| Cash and cash equivalents | 1,583,650 |
1,482,314 |
706,572 |
709,198 |
|||
| Total assets | 4,752,124 |
4,605,929 |
3,793,940 |
3,656,968 |
|||
| Equity | |||||||
| Share capital | 3,045 |
3,045 |
3,045 |
3,045 |
|||
| Share premium | 1,605 |
1,605 |
1,605 |
1,605 |
|||
| Non-distributable reserve | 368,705 |
434,474 |
376,411 |
420,880 |
|||
| Translation reserve | (38,675) |
(84,336) |
– |
–- |
|||
| Statutory contingency reserve | 361,188 |
313,643 |
336,393 |
292,302 |
|||
| Retained profit | 1,204,262 |
1,090,502 |
1,016,260 |
886,096 |
|||
| Shareholders’ equity | 1,900,130 |
1,758,933 |
1,733,714 |
1,603,928 |
|||
| Minority shareholders’ interest in | |||||||
| subsidiaries | 2,090 |
13,043 |
– |
– |
|||
| Total equity | 1,902,220 |
1,771,976 |
1,733,714 |
1,603,928 |
|||
| Liabilities | |||||||
| Employee benefit obligations | 17,388 |
179,924 |
17,388 |
179,924 |
|||
| Deferred tax liabilities | 77,656 |
99,451 |
77,388 |
66,328 |
|||
| Liabilities arising from insurance contracts | 1,893,070 |
1,920,676 |
1,653,049 |
1,604,568 |
|||
| Reinsurance commission | 35,263 |
34,270 |
33,696 |
34,270 |
|||
| Financial liabilities: amounts due to cell | – |
– |
|||||
| shareholders | 294,805 |
211,114 |
|||||
| Taxation liability | 13,197 |
15,030 |
– |
– |
|||
| Trade and other payables | 518,525 |
373,488 |
278,705 |
167,950 |
|||
| Total liabilities | 2,849,904 |
2,833,953 |
2,060,226 |
2,053,040 |
|||
| Total equity and liabilities | 4,752,124 |
4,605,929 |
3,793,940 |
3,656,968 |
|||
