Notes to the Financial Statements
for the year ended 31 December 2004
23 Present Value Of Acquired In-Force Business
| Rm | ||
| At 31 December 2004 |
At 31 December 2003 |
|
| Cost | ||
| At beginning of year | 3,330 |
4,241 |
| Foreign exchange movements | (509) |
(911) |
| At end of year | 2,821 |
3,330 |
| Amortisation for the year | ||
| At beginning of year | (1,015) |
(718) |
| Amortisation for the year | (201) |
(506) |
| Foreign exchange movements | 175 |
209 |
| At end of year | (1,041) |
(1,015) |
| Net book value | ||
| At end of year | 1,780 |
2,315 |
