| Notes to the consolidated financial statements - Note 26 |
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2013
R'000 |
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2012
R'000 |
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| 26. |
Life assurance fund |
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The carrying value of the assurance fund agrees with the amount of the actuarial value of liabilities under life insurance policies and contracts at that date. |
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Net assurance fund at beginning of year |
31 640 |
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34 014 |
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Gross |
51 934 |
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79 601 |
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Reinsurer’s share |
(20 294) |
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(45 587) |
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Transfer to income statement |
(1 466) |
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(2 374) |
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Gross |
(21 394) |
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(27 667) |
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Reinsurer’s share |
19 928 |
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25 293 |
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Net assurance fund at end of year |
30 174 |
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31 640 |
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| Notes to the consolidated financial statements - Note 26 |
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