2022 PPS NAMIBIA INTEGRATED REPORT

21. Insurance and other payables Group 2022 2021 Restated R’m R’m Payables arising from insurance policies 56 129 due to policy holders 36 125 premiums received in advance 20 4 Reinsurance Payables 90 67 Foreign currency translation reserve 2 1 Other payables 329 322 accruals 282 283 employees tax 24 27 sundry creditors 23 12 Lease liabilities 46 62 Total insurance and other payables 523 581 Current 498 538 Non-current 25 43 Reconciliation of lease liabilities Opening balance 62 65 Additions 4 21 Interest 4 5 Payments (24) (29) Closing balance 46 62 Lease liabilities – Maturity analysis Carrying amount Contractual undiscounted cash flows Group Total cash Within 2 – 5 R’m flows 1 year years 2022 46 50 23 27 2021 62 70 23 47 151 Notes to the Consolidated Financial Statements

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