Page 248 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

22 TAkAFUL CONTRACT LIABILITIES (CONTINUED)
(b) provision for unearned contributions
the provision for unearned contributions and its movements are further analysed as follows:
Group
Net
Gross Retakaful RM’000
RM’000
RM’000
inteGrated annUal rePort 2020 31.12.2020 465,734 (113,784) 351,950

(note 10)

303,706
(90,634)
394,340
31.12.2019

movement of provision for unearned contributions: note 10
242 Group
Gross Retakaful Net
RM’000 (290,365) 300,087
RM’000
RM’000
bimb holdinGS berhad 199701008362 (423858-X) contributions earned during the year (756,498) (342,463) (429,527)
(76,884)
At 1 January 2019
376,971
contributions written during the year

433,146
723,511
(706,142)
276,615
303,706
(90,634)
394,340
At 31 December 2019/1 January 2020
827,892
485,429
contributions written during the year
319,313
(437,185)
contributions earned during the year
351,950
465,734
(113,784)
At 31 December 2020