26. 2022 Restated R'm Total Expenses relating to insurance acquisition cash flows(a) Expenses relating to other directly attributable insurance expenses(a) Other operating expenses Acquisition of insurance contracts: Long-term insurance 348 348 – – Short-term insurance 16 16 – – Marketing and administrative expenses include: Amortisation and impairment of intangible assets (note 5) 73 – 68 5 Auditor's remuneration 15 – 12 3 – Audit fees 15 – 12 3 Data processing and information technology systems maintenance 328 42 185 101 Depreciation on property and equipment (note 2) 61 18 27 16 Directors’/Trustees’ and executives’ remuneration 44 – 18 26 – Directors/Trustees – non-executive 13 – 9 4 – Executive directors of PPS Insurance 23 – 9 14 – Directors of other subsidiaries 8 – – 8 Employee costs (note 27) 1 152 292 423 437 Fees for services 23 1 15 7 – Actuarial 10 – 6 4 – Legal 9 1 5 3 – Internal audit 4 – 4 – Other administration, maintenance and product development expenses 302 74 47 181 Lease rentals 5 – 5 – Total expenses 2 367 791 800 776 27. Employee costs 2023 2022 R’m R’m 965 874 113 100 1 1 219 177 1 298 1 152 Performance-related incentives Total employee costs (excluding executive directors) Salaries and related costs Pension costs – defined contribution plans Other post-employment benefits (note 18) Group Value-Added Tax which cannot be recovered from the relevant taxation authority is expensed together with the related expense. Expenses (continued) (a) Expenses relating to insurance acquisition cash flows and other directly attributable expenses comprise expenses incurred by the Group in the reporting period that relate directly to the fulfilment of contracts issued within IFRS 17’s scope. These expenses are recognised in the consolidated statement of profit or loss based on IFRS 17 measurement requirements. Refer to accounting policy note 5.1.3 and 5.1.8 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 190 Notes to the Consolidated Financial Statements
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