| |
|
2006
Rm |
2005
Rm |
| 40. |
Liabilities of cell
captive insurance facilities |
 |
|
|
Following the adoption of
IFRS, all financial liabilities of Guardrisk
Insurance and Guardrisk Life in South Africa,
Namibia and Mauritius and Euroguard Insurance
in Gibraltar are now included in the consolidated
balance sheet of the group. An analysis of the
policyholders’ and cell-owners’ interests
in the financial liabilities of these cell
captive insurance companies is provided below.
The promoter cell (or shareholder’s interest)
in the other financial liabilities of the
cell captive insurance companies are included
in the relevant line item in the group balance
sheet.
An analysis of the aggregate liabilities to policyholders
and all shareholders from cell captive insurance
facilities is set out below. |
|
|
| |
Short-term insurance technical
liabilities |
2 577 |
1 849 |
| |
Gross unearned
premium provision |
1 209 |
1 055
|
| |
Gross outstanding
claims provision |
1 368 |
794
|
| |
Long-term insurance technical
liabilities |
|
|
| |
Policyholder
liability |
710 |
687 |
| |
Other liabilities attributable
to policyholders and cell-owners |
1 442 |
1 102 |
| |
Cell-owners’
equity |
899 |
601
|
| |
Payables |
545 |
506
|
| |
Taxation
receivable |
(2) |
(5) |
|
|
|
|
| |
|
4 729 |
3 638 |
