Annual report home ► Downloads ►   The Bidvest Group Limited Annual report 2006 Commentary Value added statement Exchanges with government Directors’ responsibility for the financial statements Declaration by company secretary Report of the independent auditors Directors’ report Accounting policies Consolidated income statement Consolidated statement of recognised income and expenses Consolidated cash flow statement Consolidated balance sheet Notes to the consolidated financial statements Company income statement Company cash flow statement Company balance sheet Notes to the Company financial statements Interest in subsidiaries, joint ventures and associates   Notes to the consolidated financial statements for the year ended June 30       2006  R'000    2005  R'000  26. Life assurance fund         The assurance fund at June 30 agrees to the amount of the actuarial value of liabilities under life insurance policies and contracts at that date.         Net assurance fund at beginning of year 13 265    5 106    Gross 21 410    9 341    Reinsurer’s share (8 145)   (4 235)   Transfer from income statement 19 530    8 159    Gross 20 584    12 069    Reinsurer’s share (1 054)   (3 910)   Net assurance fund at end of year 32 795    13 265    ▲   Back to top