2022 AVBOB Integrated Annual Report - FINANCIALS

127127 FINANCIAL STATEMENTS Continued AVBOB MUTUAL ASSURANCE SOCIETY AND ITS SUBSIDIARIES NOTES TO THE SUMMARISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 (continued) 22. RESTATEMENT - CLASSIFICATION BETWEEN CASH AND CASH EQUIVALENTS AND FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (continued) 2021 2021 Previous Adjustment Restated R 000 R 000 R 000 Statement of cash flows Net cash outflows from operating activities ( 316 884) (35 552) (352 436) Movement in financial assets at fair value through profit or loss Additions (8 640 978) ( 35 552) (8 676 530) Net decrease in cash and cash equivalents ( 458 583) ( 35 552) ( 494 135) Cash and cash equivalents at the begining of the year 2 980 431 ( 79 604) 2 900 827 Cash and cash equivalents at the end of the year 2 521 848 ( 115 156) 2 406 692 GROUP Statement of financial position Financial assets at FVPL 19 297 673 115 156 19 412 829 Listed fixed-income securities 4 284 134 115 156 4 399 290 Cash and cash equivalents 2 746 928 (115 156) 2 631 772 Statement of cash flows Net cash outflows from operating activities ( 151 468) (35 552) (187 020) Movement in financial assets at fair value through profit or loss Additions (8 640 978) ( 35 552) (8 676 530) Net decrease in cash and cash equivalents ( 381 317) ( 35 552) ( 416 869) Cash and cash equivalents at the begining of the year 3 128 245 ( 79 604) 3 048 641 Cash and cash equivalents at the end of the year 2 746 928 ( 115 156) 2 631 772 2020 2020 Previous Adjustment Restated R 000 R 000 R 000 Society Statement of financial position Financial assets at FVPL 14 901 299 79 604 14 980 903 Cash and cash equivalents 2 980 431 (79 604) 2 900 827 Group Statement of financial position Financial assets at FVPL 14 901 299 79 604 14 980 903 Cash and cash equivalents 3 128 245 (79 604) 3 048 641 Prior year numbers in notes 5.2, 5.3, 12 and 13 in the notes to the summarised financial statements were restated accordingly. The restatements were a result of cash and cash equivalents decreasing by R115,2 million and by listed fixed-income securities increasing by R115,2 million.