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 14. 2023 2022 Restated* R’m R’m Attributable to Group 814 1 146 2 144 1 769 2 958 2 915 2 685 1 936 273 979 2 958 2 915 Unrestricted Cash 2 895 2 915 Restricted Cash 63 – Total Cash and Cash equivalents (b) 2 958 2 915 (a) (b) (c) The 2022 restated balance includes the impact of foreign currency translation of foreign currency denominated bank account The proportion of cash held within the Group's operational bank accounts to fund the working capital of the Group is 89.7% (2022: 65.4%) of total cash and cash equivalents. The balance of the cash is held in bank accounts which are part of the investment portfolio. Cash on call(a) Total cash and cash equivalents Included in the 2023 cash on call is operational cash in the escrow in Australia. This deposit is used to fund the required drawdowns for PPS Mutual's operational needs. As at 31 December 2023 the balance meets the requirements of cash and cash equivalents in terms of IAS 7 and has been presented as such. Cash and cash equivalents Attributable to Unit trusts and pooled funds managed for third parties (Note 16) Total cash and cash equivalents Cash at bank and in hand(c) Group Cash and cash equivalents 172 Notes to the Consolidated Financial Statements
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