CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Group 2022 2021 Restated* Note R’m R’m Net insurance premium revenue 22 5 336 5 030 Other income 23 655 605 Net investment income and gains on financial assets, excluding attributable to third party unit trust holders 414 7 510 Investment income 24 2 529 2 120 (Losses) / Gains on financial assets and investment property 25 (2 216) 7 058 Attributable to outside unit trust holders 16 101 (1 668) 6 405 13 145 Net insurance benefits and claims expense 26 (4 589) (5 451) Fair value movement of policyholder liabilities under investment contracts 15 84 (567) Expenses 27 (2 707) (2 498) Finance costs 29 (7) (5) (Deficit) / Surplus before movement in insurance policy liabilities (814) 4 624 Movement from / (to) insurance policy liabilities 13 868 (3 838) Tax charge 30 (103) (799) Deficit after tax and policy movements (49) (13) Other comprehensive income: (not to be reclassified to profit or loss): Revaluation of owner-occupied property net of deferred tax – (23) Total comprehensive loss for the year (49) (36) * Refer Note 35 The mutual nature of PPS should be noted. The allocation to policyholders – described above as “Movement from / (to) insurance policy liabilities” of R868m (2021: R3.838bn) – is a portion of the annual allocation to members’ PPS ProfitShare Account in their capacity as policyholders. A further R1.49 billion is from the movements in the Actuarial Reserve (non-DPF liability) inclusive of Exits. The deficit after tax is the result of operations of the non-life insurance and other subsidiaries and any change required to maintain capital in the life-insurance subsidiary . for the year ended 31 December 2022 102 Consolidated Statement of Profit or Loss and Other Comprehensive Income
RkJQdWJsaXNoZXIy MTY2ODY3Ng==