Page 225 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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9 OTHER FINANCIAL ASSETS AT AMORTISED COST
Group Company
Note 2020 2019 2020 2019 achieving a leading repute
RM’000 RM’000 RM’000 RM’000

takaful receivables 309,446 210,270 – –
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- Due contributions 260,500 162,632 – –
- Due from retakaful/co-takaful 48,946 47,638 – –
clients’ and dealers’ debit balances 26,012 23,147 – –
deposits and prepayments 57,115 45,998 497 473 Paving the Way for a Sustainable future
amount due from subsidiaries* – – 157 396
investment profit receivable 113,552 95,591 – –
other financing 16,112 80,925 – –
Sukuk 5,289 5,684 – –
dividend receivables – – 58,986 98,310
other receivables 173,674 137,338 729 4,289

701,200 598,953 60,369 103,468 219
less: allowance for impairment
Stage 3
– takaful receivables 49.3(iv) (6,475) (6,591) – –
adhering to the best Governance Practices
– Sukuk (5,289) (5,684) – –
– other receivables (2,975) (5,475) – –

686,461 581,203 60,369 103,468

* amount due from subsidiaries are non-trade in nature, not subject to financing charges and has no fixed term of repayments.
10 RETAkAFUL ASSETS |

Group
Note 2020 2019
RM’000 RM’000
– claims liabilities 22(a) 518,298 349,548 Laying the Foundation for Financial Growth
– contribution liabilities 22(b) 113,784 90,634
– actuarial liabilities 22(c) 346,120 315,614
978,202 755,796 |
additional information & disclosure Summary
11 STATUTORY DEPOSITS wITH BANk NEGARA MALAYSIA
the non-interest bearing statutory deposits are maintained with bank negara malaysia (“bnm”) in compliance with Section
26(2)(c) of the central bank of malaysia act, 2009, the amount of which are determined as set percentages of total eligible
liabilities.

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24 th aGm information