2022 AVBOB Integrated Annual Report - FINANCIALS

CHAPTER 8 | FINANCIAL STATEMENTS 116 INTEGRATED ANNUAL REPORT 2022 AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES NOTES TO THE SUMMARISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 (continued) Assets at fair value through profit or loss Total R 000 R 000 R 000 12. FINANCIAL INSTRUMENTS By category SOCIETY At 30 June 2022 Assets as per statements of financial position At fair value through profit or loss - 21 748 456 21 748 456 Investment contracts at amortised cost 8 527 828 - 8 527 828 Insurance receivables 546 207 - 546 207 Trade and other receivables 198 773 - 198 773 Cash and cash equivalents 2 257 067 - 2 257 067 11 529 875 21 748 456 33 278 331 GROUP At 30 June 2022 Assets as per statements of financial position At fair value through profit or loss - 21 891 404 21 891 404 Investment contracts at amortised cost 8 527 828 - 8 527 828 Insurance receivables 546 207 - 546 207 Trade and other receivables 202 547 - 202 547 Cash and cash equivalents 2 378 191 - 2 378 191 11 654 773 21 891 404 33 546 177 Restated Restated SOCIETY At 30 June 2021 Assets as per statements of financial position At fair value through profit or loss - 19 412 829 19 412 829 4 245 964 - 4 245 964 Insurance receivables 496 663 - 496 663 Trade and other receivables 168 170 - 168 170 Cash and cash equivalents* 2 406 692 - 2 406 692 Total* 7 317 489 19 412 829 26 730 318 GROUP At 30 June 2021 Assets as per statements of financial position At fair value through profit or loss - 19 412 829 19 412 829 4 245 964 - 4 245 964 Insurance receivables 496 663 - 496 663 Trade and other receivables 176 111 - 176 111 Cash and cash equivalents* 2 631 772 - 2 631 772 Total* 7 550 510 19 412 829 26 963 339 Financial assets measured at amortised cost Investment contracts at amortised cost Investment contracts at amortised cost * Refer to note 22 of the notes to the summarised financial statements regarding the restatement of the 2021 Xcomparatives. At 30 June 2022 the carrying amounts of cash and short-term deposits, trade receivables and accrued expenses, approximated their fair values due to the short-term maturities of these assets. The market value of investment contracts at amortised cost was R8 002,0 million (2021:R4 219,6 million).