NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2022 31. Cash (utilised by)/generated from operations Group 2022 2021 Restated* R’m R’m Reconciliation of profit before movement in insurance policy liabilities to cash (utilised by)/generated from operations: (915) 6 292 (Deficit) / Surplus before movement in policy liabilities (814) 4 624 Attributable to unit trust holders (101) 1 668 Investment contract receipts 793 783 Investment contract surrenders (419) (339) Adjustments for: – Depreciation 61 71 – Fair value of policyholder liabilities under investment contracts (84) 567 – Amortisation and impairment of intangible asset 73 53 – Realised loss on disposal of property and equipment 5 3 – Investment income (2 529) (2 120) – Finance costs 7 5 – Total gains on financial assets and investment property held at fair value through profit or loss 2 216 (7 058) – Impairment losses recognised on receivables 8 1* – Increase in non-current insurance and other payables 1 18 Changes in working capital: – Insurance and other receivables 24 (261)* – Insurance and other payables (14) 142 – Short-term policy liabilities 9 4 – Insurance policy liabilities (129) 266 Cash utilised by operations (893) (1 573) * Movement on Impairment losses has been disclosed separately. 32. Tax paid Group 2022 2021 Restated R’m R’m Net tax (payable) / receivable at beginning of year 23 (72) Current tax as per Statement of Profit or Loss and Other Comprehensive Income (note 30) 400 405 Net tax payable at end of year (30) (23) Total tax paid 393 310 158 Notes to the Consolidated Financial Statements
RkJQdWJsaXNoZXIy MTY2ODY3Ng==