BIMB Integrated Annual Report 2019

22 TAKAFUL CONTRACT LIABILITIES (CONTINUED) (b) Provision for unearned contributions The provision for unearned contributions and its movements are further analysed as follows: Group Gross Retakaful Net RM’000 RM’000 RM’000 31.12.2019 394,340 (90,634) 303,706 Note 10 31.12.2018 376,971 (76,884) 300,087 Note 10 Movement of provision for unearned contributions: Group Gross Retakaful Net RM’000 RM’000 RM’000 At 1 January 2018 341,975 (71,308) 270,667 Contributions written during the year 709,334 (267,964) 441,370 Contributions earned during the year (685,807) 262,388 (423,419) Acquisition of General Takaful business 11,469 – 11,469 At 31 December 2018/1 January 2019 376,971 (76,884) 300,087 Contributions written during the year 723,511 (290,365) 433,146 Contributions earned during the year (706,142) 276,615 (429,527) Acquisition of General Takaful business – – – At 31 December 2019 394,340 (90,634) 303,706 (c) Participants’ fund Participants’ fund balance at end of the reporting period comprises the following: Group Gross Retakaful Net RM’000 RM’000 RM’000 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 7,099,218 (315,614) 6,783,604 Note 10 31.12.2018 Participants’ account 2,895,271 – 2,895,271 Actuarial liabilities 2,125,615 (163,719) 1,961,896 Unallocated surplus/accumulated surplus 822,801 – 822,801 Fair value reserve 29,778 – 29,778 Net assets value attributable to unitholders 188,621 – 188,621 6,062,086 (163,719) 5,898,367 Note 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 241 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary