Accumulated Revaluation funds reserve Total R’m R’m R’m 296 11 307 Impact of initial application of IFRS 17: Short-Term Insurance (6) – (6) (290) (11) (301) – – – Restated balance as at 31 December 2022* – – – – – – * Restated balance as at 01 January 2022* Balance at 31 December 2023 The initial application of IFRS 17 has a material effect on the information in 1 January 2022. The Group is presenting a statement of changes in equity as of 1 January 2022 to reflect the initial application and a restated 31 December 2022 position as required by IFRS 17. Group Balance at 31 December 2021, as previously reported Reclassification due to the initial application of IFRS 17 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2023 104 Consolidated statement of Changes in Equity
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