Page 66 - MC14326 all pages
P. 66
62 | The South African Insurance Industry Survey 2016
The statements of financial position at 30 June and at 31 December (year-end) are as follows:
Statement of financial position Cummulative accounts Cummulative accounts
Assets 30 June - after 1 quarter 31 Dec - year end (3 quarters)
Bank
DAC Current basis PAA BBA Current basis PAA BAA
Debtor 16 100 43 850
124 100 16 100 16 100 79 850 43 850 43 850
16 100 16 100 - 43 850 43 850 -
- -
18 000 - 6000 -
90 000 - 30 000 -
Equity (12 300) (12 740) (12 740) (36 900) (38 443) (38 443)
Retained earnings (12 300) (12 740) (12 740) (36 900) (38 443) (38 443)
Liabilities (111 800) (3 360) (3 360) (42 950) (5 408) (5 408)
UPP (90 000) - - (30 000) - -
Liability for remaining coverage - -
Liability for incurred claims - (2 750) - (2 848)
OCR (3 800) (3 360) (610) (6 950) (5 408) (2 560)
IBNR (2 200) (2 200) (610) (4 350) (4 350) (2 560)
Risk adjustment (1 600) (1 000) - (2 600)
Payable - (800) -
- (160) - - (258) -
(18 000) - (6 000) -
-
