Consolidated Abridged Balance Sheet as at 31 March 2004

2004
2003
Rm
Rm
Assets
Non-current assets
1,673
1,151
Technical assets
414
238
Current assets
200
453
Total assets
2,287
1,842
Equity and liabilities
Capital and reserves
50
45
Interest of "A" ordinary shareholders and rent-a-captive policyholders
413
341
Technical liabilities
1,514
1,243
Current liabilities
310
213
Total equity and liabilities
2,287
1,842
Solvency ratio
43%
46%