15. 2023 2022 R’m R’m 5 529 4 495 349 436 5 180 4 059 2023 2022 R’m R’m 4 495 4 205 940 793 626 (84) (56) (39) 682 (45) (532) (419) 5 529 4 495 Non-current Investment contract liabilities Group Level 2 fair value investment contract liabilities Linked investment contracts Current All investment contracts are designated on initial recognition as at fair value through profit or loss. The liabilities relating to linked contracts are measured with reference to the underlying assets linked to these contracts. PPS is contractually required to pay linked investment contract holders an amount equal to the fair value of the assets linked to these contracts. Linked contracts do not include any minimum guarantees and hence, there will be no difference between the carrying amount of the assets and the amount payable at the maturity date. Investment contract liabilities are classified as Level 2, as the assets backing up these liabilities are unit trust funds of which the fair values are derived from the unit prices published by the unit trust fund managers. Administration and other fees Gains/(losses) on financial assets Benefit payments Balance at end of the year Group Movement table for investment contract liabilities Linked contracts Balance at beginning of the year Contributions received during the year Fair value of assets backing policyholder liabilities under investment contracts NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) 173 Notes to the Consolidated Financial Statements
RkJQdWJsaXNoZXIy MTY2ODY3Ng==