Page 162 - EXIM_AR2021

160 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

Notes to the fiNaNcial statemeNts

21. DeferreD incOme (cOnt’D.)

Group and Bank
Gross Reinsurance Net
RM’000 RM’000 RM’000

2020
Arising from:
(i) Guarantee and other fees from conventional banking activities
At 1 January 8,620 - 8,620
Addition during the year 10,357 - 10,357
Recognised in profit and loss (9,032) - (9,032)

At 31 December 9,945 - 9,945

(ii) Guarantee and other fees from Islamic banking activities
At 1 January 6,944 - 6,944
Addition during the year 37 - 37
Recognised in profit and loss (5,069) - (5,069)

At 31 December 1,912 - 1,912

(iii) Premium liabilities
At 1 January (3,217) 4,062 845
Increase in reserve 2,902 778 3,680
At 31 December (315) 4,840 4,525

(iv) Takaful contribution liabilities
At 1 January 4,015 1,914 5,929
Decrease in reserve (1,543) 957 (586)

At 31 December 2,472 2,871 5,343

14,014 7,711 21,725