ECIC IR 2023

Integrated Report 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

Composition of total liabilities (R Millions)

50

6 000

42%

40

5 000

30

4 000

20

10

3 000

0

-6%

2 000

-10

1 000

-20

-22%

-30

0

2021

2022

2023

Other IMU liability

Trade and other payables

Insurance contract liabilities

Derivatives

% movement

Figure 11: Composition of total liabilities

The total liabilities increased by R1. 5billion (42%) from R3.5 billion to R5.0 billion, which is mainly due to the IBNR raised in the current financial year and the depreciation of the ZAR against the USD Dollar. This increase was netted off by insurance and IMU claims paid in the current year.

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