2022 AVBOB Integrated Annual Report - FINANCIALS

1171 7 FINANCIAL STATEMENTS Continued AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES NOTES TO THE SUMMARISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 (continued) SOCIETY GROUP Restated Restated 2022 2021 2022 2021 R 000 R 000 R 000 R 000 13. Balance at the beginning of the year 19 412 829 14 901 299 19 412 829 14 901 299 Movement for the year Additions* 11 679 641 8 756 134 11 826 395 8 756 134 Disposals (9 624 325) (7 098 655) (9 628 131) (7 098 655) Fair value adjustments 280 312 2 854 051 280 312 2 854 051 Balance at the end of the year* 21 748 456 19 412 829 21 891 404 19 412 829 #REF! Listed fixed-income securities* 5 290 595 4 399 290 5 290 595 4 399 290 Listed shares 10 743 293 9 791 778 10 743 293 9 791 778 Non-listed foreign investments 4 565 150 4 032 277 4 565 150 4 032 277 Unlisted investments 1 149 418 1 189 484 1 292 366 1 189 484 Total* 21 748 456 19 412 829 21 891 404 19 412 829 Current assets* 860 287 340 693 860 287 340 693 Non-current assets 20 888 169 19 072 136 21 031 117 19 072 136 0 ( 0) 0 ( 0) SOCIETY GROUP 2022 2021 2022 2021 R 000 R 000 R 000 R 000 14. Balance at the beginning of the year 4 245 964 1 510 921 4 245 964 1 510 921 Movement for the year Additions 4 226 379 2 711 102 4 226 379 2 711 102 Interest income 442 009 167 798 442 009 167 798 Withdrawals ( 386 524) ( 143 857) ( 386 524) ( 143 857) Balance at the end of the year 8 527 828 4 245 964 8 527 828 4 245 964 Financial assets comprises the following: Financial assets at fair value through profit or loss are classified as non-current assets, unless their maturity is within a year, as the assets are kept for long-term yield to the benefit of policyholders and members. All proceeds from disposals during the year were utilised for additions. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Financial assets at amortised cost comprise of single premium investment products. Refer to note 16 of the notes to the summarised financial statements for the associated liability. FINANCIAL ASSETS AT AMORTISED COST Financial assets at fair value through profit or loss are managed by Allan Gray South Africa, Ninety One SA, Old Mutual Investment Group SA, MandG Investment Managers (Pty) Ltd, Sanlam Investment Management and Stanlib Asset Management. *Refer to note 22 of the notes to the summarised financial statements regarding the restatement of the 2021 xcomparatives.