ECIC IR 2023

ANNUAL Financial Statements for the year ended 31 March 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Notes to the Financial Statements

Reinsurance contract assets 10 - - - 151 566 151 566 147 099 4 467 Current tax receivable 29 - - - 100 154 100 154 100 154 - Deferred tax 8 - - - 110 679 110 679 - 110 679

Cash and cash equivalents 12 - - 2 355 461 - 2 355 461 2 355 461 - 6 980 888 652 207 2 572 338 1 356 042 11 561 475 6 034 799 5 526 676 Liabilities

Provision for unearned premiums 14.1 - - - 1 583 987 1 583 987 360 084 1 223 903 Provision for unexpired risks 14.2 - - - 753 909 753 909 - 753 909 Provision for claims reserves 14.3 - - - 1 625 361 1 625 361 1 625 361 - Liability for interest make up 18 516 072 - - - 516 072 136 067 380 005 Derivatives 9 108 457 - - - 108 457 108 457 -

Reinsurance deferred acquisition cost - - - 1 024 1 024 337 687 Employee benefit liability 15 - - - 29 119 29 119 29 119 - Lease liability 17 - - - 22 373 22 373 3 124 19 249 Trade and other payables 16 - - 310 998 3 155 314 153 313 305 848 624 529 - 310 998 4 018 928 4 954 455 2 575 854 2 378 601

assets and liabilities R’000

Categories of assets and liabilities – 2023 Note(s) Property and equipment 7 - - - 26 319 26 319 - 26 319 R’000 R’000 R’000 R’000

Trade and other receivables 11 - - 216 877 967 324 1 184 201 527 594 656 607

Financial assets at fair value 9 6 980 888 652 207 - - 7 633 095 2 904 491 4 728 604

Non-current

assets and liabilities R’000

Current

Total

assets and liabilities R’000

financial

Other non

cost

Financial

amortised

assets and

liabilities at

Financial assets

for sale

available

or loss

Financial

liabilities at fair value

assets and

through profit

19. Categories of assets and liabilities Assets

YOUR EXPORT RISK PARTNER

72