Page 249 - 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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22 TAkAFUL CONTRACT LIABILITIES (CONTINUED)
(c) participants’ fund
Participants’ fund balance at end of the reporting period comprises the following: achieving a leading repute
Group
Gross Retakaful Net |
RM’000 RM’000 RM’000
31.12.2020
Participants’ account 4,090,835 – 4,090,835
actuarial liabilities 1,880,726 (346,120) 1,534,606 Paving the Way for a Sustainable future
Unallocated surplus/accumulated surplus 1,241,851 – 1,241,851
fair value reserve 346,328 – 346,328
net assets value attributable to unitholders 212,043 – 212,043

7,771,783 (346,120) 7,425,663

note 10 243

31.12.2019
Participants’ account 3,663,688 – 3,663,688
actuarial liabilities 1,929,616 (315,614) 1,614,002
Unallocated surplus/accumulated surplus 1,029,093 – 1,029,093
fair value reserve 273,331 – 273,331
net assets value attributable to unitholders 203,490 – 203,490 adhering to the best Governance Practices

7,099,218 (315,614) 6,783,604

note 10
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Laying the Foundation for Financial Growth

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additional information & disclosure Summary

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24 th aGm information