Notes to the consolidated financial statements – Note 27     2014 R’000     2013 R’000   27. Life assurance fund             The carrying value of the assurance fund agrees with the amount of the actuarial value of liabilities under life insurance policies and contracts at that date.             Net assurance fund at beginning of year 30 174     31 640        Gross 30 540     51 934        Reinsurer’s share (366)     (20 294)     Transfer to income statement (2 345)     (1 466)        Gross (1 950)     (21 394)        Reinsurer’s share (395)     19 928     Net assurance fund at end of year 27 829     30 174   Notes to the consolidated financial statements – Note 27