Hollard Full Report 2011
www.hollard.co.za
Annual Financial Statements for the year ended 30 June 2011
Contents
Corporate Governance Report Group Audit Committee Report 2 6
LIFE
Group salient features Directors’ responsibility statement and approval of annual financial statements Statement of actuarial values of assets and liabilities Notes to the statement of actuarial values of assets and liabilities Embedded value statement Independent Auditors’ Report Directors’ Report Statements of financial position Income statements Statements of comprehensive income Statements of changes in equity Statements of cash flows Notes to the annual financial statements Directorate and administration 10 11 13 15 17 18 19 22 23 24 25 26 27 93
QUICK TAKE-OUT
Combined annual gross premium income: R15.5 billion – and rising Total assets: R24.7 billion – and increasing Financial strength: R2.7 billion in shareholders’ funds Policyholders: In excess of six million people and still growing
Gross premium income: R’000
15 000 000 12 000 000 12 000 000 10 000 000 8 000 000 6 000 000 6 000 000 4 000 000 3 000 000 2 000 000 0 2007 2008 2009 2010 2011 0 2007 2008 2009 2010 2011
Net premium income: R’000
9 000 000
HOLLARD/ ANNUAL REPORT 2011/ QUICK TAKE-OUT
1
INSURANCE
Group salient features Directors’ responsibility statement and approval of annual financial statements Independent Auditors’ Report Directors’ Report Statements of financial position Income statements Statements of comprehensive income Statements of changes in equity Statements of cash flows Notes to the annual financial statements Directorate and administration 96 97 98 99 102 103 104 105 107 108 191
Life Insurance
Net profit attributable to owners of the parent: R’000
Total assets: R’000
1000 000
800 000
25 000 000 20 000 000 15 000 000
600 000
400 000 10 000 000 200 000 5 000 000 0 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
0
2
Corporate Governance Report for the financial year ended
Annual Financial Statements for the year ended 30 June 2011
Contents
Corporate Governance Report Group Audit Committee Report 2 6
LIFE
Group salient features Directors’ responsibility statement and approval of annual financial statements Statement of actuarial values of assets and liabilities Notes to the statement of actuarial values of assets and liabilities Embedded value statement Independent Auditors’ Report Directors’ Report Statements of financial position Income statements Statements of comprehensive income Statements of changes in equity Statements of cash flows Notes to the annual financial statements Directorate and administration 10 11 13 15 17 18 19 22 23 24 25 26 27 93
QUICK TAKE-OUT
Combined annual gross premium income: R15.5 billion – and rising Total assets: R24.7 billion – and increasing Financial strength: R2.7 billion in shareholders’ funds Policyholders: In excess of six million people and still growing
Gross premium income: R’000
15 000 000 12 000 000 12 000 000 10 000 000 8 000 000 6 000 000 6 000 000 4 000 000 3 000 000 2 000 000 0 2007 2008 2009 2010 2011 0 2007 2008 2009 2010 2011
Net premium income: R’000
9 000 000
HOLLARD/ ANNUAL REPORT 2011/ QUICK TAKE-OUT
1
INSURANCE
Group salient features Directors’ responsibility statement and approval of annual financial statements Independent Auditors’ Report Directors’ Report Statements of financial position Income statements Statements of comprehensive income Statements of changes in equity Statements of cash flows Notes to the annual financial statements Directorate and administration 96 97 98 99 102 103 104 105 107 108 191
Life Insurance
Net profit attributable to owners of the parent: R’000
Total assets: R’000
1000 000
800 000
25 000 000 20 000 000 15 000 000
600 000
400 000 10 000 000 200 000 5 000 000 0 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
0
2
Corporate Governance Report for the financial year ended