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 7. 2023 2022 R'm R'm 86 467 61 781 285 2 405 (1 860) (420) 117 56 (5 975) (5 234) 79 034 58 588 Cash purchases of financial assets presented in the Consolidated Statement of Cash Flows 2023 2022 R'm R'm 88 049 66 961 (2 793) (1 939) (5 948) (5 234) (69) (103) (176) (120) 79 063 59 565 Disposals at carrying value Net realised gains on disposal of financial assets Redemptions by outside unit trust holders (Note 16) Foreign exchange realised gains on financial assets Financial assets – investments at fair value through profit or loss (continued) Cash proceeds on disposal of financial assets presented in the Consolidated Statement of Cash Flows Non-cash dividends re-invested (Note 32) Non-cash interest re-invested (Note 32) Cash purchases of financial assets Non-cash disposal of financial assets – script transfer between asset managers and Life funds (Note 32) Proceeds on disposal of financial assets Acquisitions at carrying value Investments by outside unit trust holders (Note 16) Non-cash acquisitions: script transfer between asset managers and Life funds (Note 32) 144 Notes to the Consolidated Financial Statements
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