| |
| |
| |
| |
|
| |
| Notes to the group
financial statements |
|
| for the year ended
31 March 2006 |
|
|
|
|
 |
|
|
| |
|
| |
| |
|
2006
Rm |
2005
Rm |
| 39. |
Financial
liabilities held under multi-manager investment
contracts |
|
|
|
These policyholder liabilities
arise from multi-manager and unit trust
investment contracts issued by the group’s
multi-manager investment subsidiary, Investment
Solutions in South Africa, Namibia and the
United Kingdom. The policyholder liabilities
are directly matched to the value of the
linked policyholder assets
(refer note
23). |
|
|
|
| |
39.1 |
Movement in multi-manager
and unit trust investment
contracts liabilities |
|
|
|
|
Opening balance |
85
691 |
63 468 |
| |
|
Movement during year:
|
|
|
| |
|
Premium inflows |
27
624 |
21 247 |
| |
|
Withdrawals |
(21
896) |
(12 793) |
| |
|
Investment return after
tax |
28
024 |
13 824 |
| |
|
Fees and other payments |
(257) |
(124) |
| |
|
Foreign subsidiaries
exchange differences |
(567) |
69 |
| |
|
Closing balance |
118
619 |
85 691 |
| |
39.2 |
Maturity analysis
of multi-manager and unit trust
investment contracts liabilities |
|
|
| |
|
Due within one year |
3
315 |
4 938 |
| |
|
Due between two and five
years |
164 |
812 |
| |
|
Due after five years |
1
526 |
948 |
| |
|
Open ended |
113
614 |
78 993 |
| |
|
|
118
619 |
85 691 |
|
|
|
|
|
| |
 |
|
|
| |
|
|
 |
| |
|
|
|
| |
|