Notes to the Financial Statements
for the year ended 31 December 2004
25 Deferred Acquisition Costs
| Rm | ||
| At 31 December 2004 |
At 31 December 2003 |
|
| At beginning of year | 5,097 |
3,924 |
| Arising on policies written during the year | 3,811 |
2,643 |
| Amortisation | (519) |
(370) |
| Foreign exchange and other movements | (1,175) |
(1,100) |
| At end of year | 7,214 |
5,097 |
| Analysed between: | ||
| Life assurance | 7,116 |
5,013 |
| General insurance | 98 |
84 |
7,214 |
5,097 |
