PPS 2023 INTEGRATED REPORT NAMIBIA

About our Integrated Report	4
Highlights	6
Who we are and what makes us different	7
Mutuality	11
Strategy	12
Leadership commentary	14
Chairman’s statement	16
CEO’s message to members	24
Group performance	30
PPS Life Solutions	32
PPS Advice and Distribution	34
PPS Investments	38
PPS Short-Term Insurance	41
PPS Healthcare Administrators	45
Material matters and risk management	50
Abridged financial statements	53
PPS Group consolidated statement of financial position	53
PPS Group consolidated statement of profit or loss and comprehensive income	54
Key performance indicators	55
Corporate governance report	57
Annual financial statements	85
Statement of responsibility by the Board of Trustees	86
Certificate by the Secretary	87
Statement of responsibility by the Group Chief Executive Officer and Group Chief Financial Officer	88
Independent Auditor’s Report	89
Investment returns and profit allocation to policyholders’ PPS Profit-Share Account	92
Trustees’ Report	94
Audit Committees’ Report	96
Group Social and Ethics Committee’s Report	100
Remuneration Report by the Group Remuneration Committee	103
Consolidated Statement of Financial Position	106
Consolidated Statement of Profit or Loss and Other Comprehensive Income	107
Consolidated Statement of Changes in Equity	108
Consolidated Statement of Cash Flows	109
Group Accounting Policies	110
Notes to the Consolidated Financial Statements	137
Action required by members in regard to the 2024 Annual General Meeting	242
Notice to the members of the Annual General Meeting and CVs of Candidates standing for election	243
Form of proxy	261
Administrative information	265

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