Page 250 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

22 TAkAFUL CONTRACT LIABILITIES (CONTINUED)
(c) participants’ fund (continued)
the participants’ fund movements are analysed as follows:
Group
2020 Net RM’000 Retakaful RM’000
2019
inteGrated annUal rePort 2020 at 1 January 7,099,218 (315,614) 6,783,604 6,062,086 (163,719) 5,898,367
Retakaful
Gross
Net
Gross
RM’000
RM’000
RM’000
RM’000
net earned
(117,589)
2,072,296
2,354,287
2,471,876
(121,798)
contributions
2,194,094
investment income on
financial assets not
measured at fvtPl 283,211 – 283,211 267,711 – 267,711
investment income – others 33,484 – 33,484 41,427 – 41,427
realised gains and losses 30,329 – 30,329 13,366 – 13,366
244
fair value gains and losses 17,005 – 17,005 31,050 – 31,050
other operating income 518 – 518 3,143 – 3,143
net benefits and claims (1,005,071) 99,999 (905,072) (1,104,610) 100,730 (1,003,880)
bimb holdinGS berhad 199701008362 (423858-X) other operating expenses (114,863) (31,201) (13,429) 145,644 (151,137) (11,815)
(963,022)
(809,010)
–
(963,022)
(809,010)
–
fees deducted (net)
impairment losses on
(2,545)
–
(1,286)
–
(2,545)
(1,286)
financial instruments
(4,871)
(4,871)
(4,405)
–
–
(4,405)
(13,429)
(11,815)
Profit paid to participants
–
–
movement in
(5,493)
actuarial liabilities
(5,137)
26,064
Profit attributable to
16,859
the takaful operator
(66,675)
(83,534)
21,797
(93,066)
excess payment transferred
(6,085)
to participants
(6,362)
(6,362)
(6,085)
net change in fair value on
debt instruments at fvoci 72,819 – 72,819 243,553 – 243,553
–
–
tax expense (14,426) – (14,426) (13,072) – (13,072)
Withholding tax (6,501) – (6,501) (4,876) – (4,876)
effect of movement in
exchange rates (8,624) 697 (7,927) 12,810 (758) 12,052
at 31 december 7,771,783 (346,120) 7,425,663 7,099,218 (315,614) 6,783,604