2019 Integrated Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2019 128 | PPS INTEGRATED REPORT 2019 7. INSURANCE AND OTHER RECEIVABLES Group 2019 2018 R’000 R’000 Receivables arising from insurance policies 122 529 80 697 due from policy holders 135 459 91 105 less allowance for impairment losses from receivables from policy holders (12 930) (10 408) Due from reinsurers 145 051 79 551 Other receivables 290 004 388 272 accrued interest 21 789 17 927 accrued dividends 85 830 67 998 loan to PPS Mutual and related parties 256 659 212 723 less allowance for impairment loss of loan to PPS Mutual (234 358) (91 629) deferred acquisition costs 65 112 sundry receivables 160 019 181 141 Prepayments 20 441 35 364 Total receivables including insurance receivables and prepayments 578 025 583 884 Current 578 025 583 884 Fair value of receivables held at amortised cost 557 584 548 520 Allowances for impairment losses of receivables from policy holders Specific allowances for impairment At beginning of year (10 408) (12 742) Impairment loss recognised (5 019) (1 020) Impairment loss reversals 2 497 3 354 At end of year (12 930) (10 408) Allowances for impairment losses of loan to PPS Mutual Specific allowances for impairment At beginning of year (91 629) – Impairment loss recognised (142 729) (91 629) At end of year (234 358) (91 629)