Hollard Complete Report 2011 Essay

www.hollard.co.za

Gross annual Financial Assertions

for the entire year ended 40 June 2011

Contents

Company Governance Record Group Taxation Committee Survey 2 6th

LIFE

Group salient features Directors' responsibility statement and approval of annual financial statements Assertion of actuarial values of assets and liabilities Notes to the declaration of actuarial values of assets and liabilities Inlayed value declaration Independent Auditors' Report Directors' Report Transactions of financial position Profits statements Claims of complete income Claims of changes in equity Claims of cash flows Notes towards the annual financial statements Directorate and administration 10 14 13 15 17 18 19 twenty-two 23 24 25 dua puluh enam 27 93

QUICK TAKE-OUT

Combined twelve-monthly gross high grade income: R15. 5 billion dollars – and rising Total assets: R24. 7 billion dollars – and increasing Economic strength: R2. 7 billion in shareholders' funds Policyholders: In excess of 6 million persons and still developing Gross high quality income: R'000

15 1000 000 12 000 500 12 500 000 twelve 000 500 8 000 000 6th 000 1000 6 500 000 4 000 500 3 1000 000 1 999 000 0 2007 2008 2009 2010 2011 0 2007 08 2009 2010 2011

Net premium cash flow: R'000

being unfaithful 000 500

HOLLARD/ TOTAL ANNUAL REPORT 2011/ QUICK TAKE-OUT

1

INSURANCE

Group prominent features Directors' responsibility affirmation and approval of gross annual financial transactions Independent Auditors' Report Directors' Report Claims of financial position Profits statements Claims of complete income Transactions of changes in equity Statements of cash flows Notes for the annual financial statements Directorate and administration 96 ninety-seven 98 99 102 103 104 105 107 108 191

A life insurance policy

Net revenue attributable to owners of the parent or guardian: R'000

Total assets: R'000

1000 1000

800 000

25 500 000 20 000 000 15 500 000

six hundred 000

400 000 10 000 1000 200 1000 5 500 000 0 2007 2008 2009 2010 2011 3 years ago 2008 2009 2010 2011

0

a couple of

Corporate Governance Report

to get the financial year ended 30 Summer 2011

The corporate governance statement set out under is a joint statement in the Boards of Directors with the Hollard Insurance Company Limited and The Hollard Life Assurance Business Limited (the Group) which in turn hold joint Board meetings (the Board).

Introduction

This kind of corporate governance report is a joint report from the Planks of Directors of The Hollard Insurance Company Limited and Hollard Life Confidence Company Limited (the Group). The Planks are responsible intended for monitoring compliance with the Group's corporate governance policy, and subscribe to and are also committed to ensuring that the Group complies with the principles of good corporate governance as outlined in the Full III Code of Corporate Governance Guidelines of South Africa (King III). During the year ended 30 June 2010, a review process to distinguish the gaps between the California king III recommendations and the standard of governance utilized in the Group was executed. As a result of the review, additional principles were implemented consistent with the Group strategy. established in line with California king III recommendations and a charter just for this Committee was approved by the Board; and aligned with both King 3 and the fresh Act. committees appears below " Board Committees”.

FSB Solvency Analysis Management (SAM) project

In the past year under review, both job which was started by the FSB in early 2010. The project requires insurance firms to participate in task teams formed by FSB to assist, inter alia, with the creating of new prudential legislation that could govern insurers in the future. The Group as well created an indoor steering committee and task teams to

During the year under review, the subsequent governance and legislative things were considered: The Companies Act of 2008, as corrected (the new Act): around the new Work and its significance for the organization; require immediate attention to ensure compliance with all the new Action was embarked upon and an execution plan was put in place; to make certain...



News

 Itech 5006 Essay

Itech 5006 Essay

Assignment 2 – Database Rendering and SQL Statements Targets: * To analyse and comprehend a provided SER diagram 2. To create and update normalized relationships…...

 Gothic Composition on Edgar Allan Poe

Gothic Composition on Edgar Allan Poe

Jerrika Forte` 1/3/13 Gothic Essay 865 phrases Throughout Edgar Allan Poe's " The Masque in the Red Fatality, the reader appears to become enthralled…...

 Family Traditional Essay

Family Traditional Essay

Ks Buu Dien _ Ha Very long P& Big t Hotel (3 star) Tel: 84. thirty-three. 384 4890- 3844891- 3844892 Fax: 84. 33. 3845416 E-mail: [email protected] vnn. vn…...

 White Privilege Paper

White Privilege Paper

Keiara West White Privilege Zane State School Within the last few weeks I have already been observing how people with different race, racial, religion, etc .…...

 Bryant Pharma Case Essay

Bryant Pharma Case Essay

CASE: And after this, a Word from Our Sponsor Problem 1: Ought to Byrant Pharma approve Laura's idea? Why? Why not? Byrant Pharma should certainly approve…...

 Red Room Essay

Red Room Essay

Coursework Pre-20th 100 years Prose: Short Story " The Reddish Room” By HG Wells. Task: How exactly does the author generate suspense inside the…...