Page 264 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

32 NET EARNED CONTRIBUTIONS
Group
2020 2019
RM’000 RM’000

Gross earned contributions 2,507,891 2,740,035
(441,111)
contribution ceded to retakaful 2,066,780 2,345,831
(394,204)
inteGrated annUal rePort 2020 Gross contributions 2,575,358 2,751,654

(11,619)
change in actuarial reserves/unearned contributions reserves
(67,467)
2,740,035
Gross earned contributions
2,507,891

258 retakaful (464,261) (407,954)
23,150
change in actuarial reserves/unearned contributions reserve (441,111) (394,204)
13,750
contributions ceded to retakaful
bimb holdinGS berhad 199701008362 (423858-X) 33 net earned contributions 2,066,780 2,345,831

OTHER INCOME FROM TAkAFUL BUSINESS

Group
2019
2020
RM’000
RM’000
65,927
administration income
81,633
investment income
15,173
33,678
realised gains and losses 349,829 342,968
fair value gains and losses 15,528 31,872
other operating income 2,031 4,507
482,699 460,447