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FINANCIAL HIGHLIGHTS CHAIRMAN’S STATEMENT CHIEF EXECUTIVE’S STATEMENT GROUP BUSINESS REVIEW CORPORATE CITIZENSHIP CORPORATE GOVERNANCE AND DIRECTORS’ REPORT BOARD OF DIRECTORS REMUNERATION REPORT FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ACHIEVED PROFITS BASIS SUPPLEMENTARY INFORMATION FINANCIAL HISTORY NOTICE OF ANNUAL GENERAL MEETING SHAREHOLDER INFORMATION

Notes to the Financial Statements

for the year ended 31 December 2004

7 Investment Expenses And Charges

		Rm
	Year to 31 December 2004	Year to 31 December 2003
Technical account long term business
Interest payable	47	86
Investment management expenses	319	210
	366	296
Non-technical account insurance and asset management businesses
Interest payable	260	408
Other finance costs	177	185
	437	593

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