Table of Contents
1
210
2019 Integrated Report
ABOUT OUR INTEGRATED REPORT
4
WHO WE ARE AND WHAT MAKES US DIFFERENT
6
The PPS story
7
Meeting the financial needs of professionals
9
Financial planning and advice
9
Sickness cover and life insurance
10
Savings and investments
10
Short-term insurance
10
Health Professions Indemnity
11
Medical aid
11
Wills and estates
11
HUMAN CAPITAL
12
PPS DOING GOOD
18
OUR STRATEGY
20
INNOVATIVE SOLUTIONS
23
HIGHLIGHTS
24
CHAIRMAN’S STATEMENT
26
CEO’S MESSAGE TO MEMBERS
32
GROUP PERFORMANCE AT A GLANCE
37
PPS Life Insurance
40
PPS Advisory Services
42
PPS Investments
44
PPS Short-Term Insurance
46
PPS Healthcare Administrators
48
PPS NAMIBIA
50
MATERIAL MATTERS AND RISK MANAGEMENT
52
ABRIDGED FINANCIAL STATEMENTS
56
PPS Group consolidated statement of financial position
56
PPS Group consolidated statement of profit or loss
57
KEY PERFORMANCE INDICATORS
58
CORPORATE GOVERNANCE
59
2019 ANNUAL FINANCIAL STATEMENTS
86
Statement of Responsibility by the Board of Trustees
88
Certificate by the Secretary
89
Independent Auditor’s Report
90
Investment Returns and Profit Allocation to Policyholders’ PPS Profit-Share Account
93
Trustees’ Report
96
Audit Committees’ Report
99
Group Social and Ethics Committee’s Report
103
Consolidated Statement of Financial Position
105
Consolidated Statement of Profit or Loss and Other Comprehensive Income
106
Consolidated Statement of Changes in Equity
107
Consolidated Statement of Cash Flows
108
Group Accounting Policies
109
Notes to the Consolidated Financial Statements
124
Administrative Information
190
Action Required by Members in Regard to the 2020 Annual General Meeting
191
Notice to the Members of the Annual General Meeting and CV’s of Candidates Standing for Election
192
Form of Proxy
207
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