Consolidated Abridged Balance Sheet*
as at 31 March 2006

Guardrisk Insurance Company Limited

	Group**		Company
	2006	2005	2006	2005
	Rm	Rm	Rm	Rm
Assets
Non-current assets	2 303	2 129	2 285	2 119
Technical assets	351	453	351	453
Current assets	398	340	322	218
Total assets	3 052	2 922	2 958	2 790
Equity and liabilities
Capital and reserves	60	51	49	48
Interest of "A" ordinary shareholders and rent-a-captive policyholders	701	550	680	530
Technical liabilities	1 834	1 807	1 824	1 796
Current liabilities	457	514	405	416
Total equity and liabilities	3 052	2 922	2 958	2 790
Solvency Margin			42%	40%

* This financial information has been prepared on the statutory basis
** Including operations in Mauritius