NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2022 6. Financial assets – investments at fair value through profit or loss (continued) Group 2022 2021 Restated Analysis of movements in financial assets held at fair value through profit or loss: R’m R’m Opening balance 52 788 45 470 Additions 66 961 35 098 Disposals at carrying value (61 781) (32 898) Fair value net (losses) / gains excluding net realised gains (4 703) 4 608* Foreign currency translation reserve 304 306* Accrued interest movements 328 204 Closing balance 53 897 52 788 The spread of investments by sector: Industrial (%) 44.5% 47.3% Financial (%) 26.2% 27.2% Resources (%) 29.3% 25.5% Maturity profile of fixed interest investments: Due in 1 year or less 2 354 1 513 Due between 1 year and 5 years 6 215 4 871 Due between 5 years and 10 years 3 277 2 392 Due after 10 years 8 253 8 203 20 099 16 979 * Foreign currency translation reserve has been disclosed seperately Cash proceeds on disposal of financial assets 2022 2021 R'm R'm Disposals at carrying value 61 781 32 898 Net realised gains on disposal of financial assets (Note: 25) 2 405 2 441 Redemptions by third -party unit trust holders (Note 16) (420) (2 310) Forex realised (losses) /gains on financial assets (Note: 25) 56 (81) Disposal of financial assets - script transfer between asset managers (Note 33) (5 234) – Proceeds on disposal of financial assets 58 588 32 948 Cash purchases of financial assets 2022 2021 R'm R'm Acquisitions at carrying value 66 961 35 098 Investments by third-party unit trust holders (Note 16) (1 939) (3 552) Non-cash acquisitions: script transfer between asset managers (Note 33) (5 234) – Non-cash dividends invested (Note 33) (103) (97) Non-cash interest invested (Note 33) (120) (145) Cash purchases of financial assets 59 565 31 304 In the current year, the Group transitioned between asset managers. This resulted in a transfer of assets from other instruments such as equities into unit trusts. Some of the transfers were script transfers. 132 Notes to the Consolidated Financial Statements
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