| |
|
2006
Rm |
2005
Rm |
| 24. |
Assets of cell captive
insurance facilities |
|
|
 |
All financial assets held by
Guardrisk Insurance and Guardrisk Life in South
Africa, Namibia and Mauritius and Euroguard Insurance
in Gibraltar are included in the consolidated
balance sheet of the group. An analysis of the
financial assets attributable to policyholders
and cell shareholders’ interests in the
cell captive insurance companies is provided below.
These financial assets are directly matched to
linked obligations to the policyholders and cell
shareholders of the cell captive insurance companies.
The promoter cell (or shareholder’s interest)
in the other financial assets of the cell captive
insurance companies are included in the relevant
line items in the group balance sheet.
An analysis of the aggregate assets of cell captive
insurance facilities is set out below. |
|
|
| |
Financial assets classified
as “fair value through profit or loss” |
1
932 |
866 |
| |
Equity securities
– unlisted |
1 |
1 |
| |
Preference
shares |
480 |
367 |
| |
Unit trusts |
230 |
44 |
| |
Debt securities
– listed |
589 |
—
|
| |
Debt securities
– unlisted |
93 |
—
|
| |
Debt securities
– government stock |
125 |
169 |
| |
Receivables |
414 |
285 |
| |
Cash and cash equivalents |
2
238 |
2 311 |
| |
Money market |
1
869 |
1 867 |
| |
Cash |
369 |
444 |
| |
Short-term insurance technical
assets |
559 |
461 |
| |
Reinsurers’
share of unearned premium provision |
86 |
204 |
| |
Reinsurers’
share of outstanding claims provision |
473 |
257 |
|
|
|
|
| |
Total financial assets attributable
to policyholders and cell-shareholders’
interests in cell captive insurance companies |
4
729 |
3
638 |
