company financial statements
NOTES TO THE COMPANY FINANCIAL STATEMENTS – for the year ended 30 June 2014

    2014  
Rm  
2013  
Rm  

3.  

Available-for-sale investment  

   
  Beginning of the year   91   84  
  Fair value adjustment   (59)  7  
  End of the year   32   91  
  The company hold shares in Guardrisk, an insurance cell captive. The fair value of these shares is equal to the underlying net value of assets in the cell.