| |
|
2006
Rm |
2005
Rm |
| 15. |
Financial
effects of accounting for
policyholder investments as treasury shares |
|
|
| |
Loss arising from increase
in Alexander Forbes share price |
(69) |
(20) |
| |
Distributions to policyholders
on Alexander Forbes shares |
(12) |
(10) |
| |
|
(81) |
(30) |
| |
The anomalous financial
effects of accounting for policyholder investments
represented by Alexander Forbes shares as
treasury shares is explained in the Directors’
Report contained in these financial statements.
Adjusted measures of earnings and net asset
value per share are provided elsewhere in
these financial statements in order to eliminate
these anomalous financial effects and provide
more meaningful financial reporting to shareholders. |
|
|
