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164 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS
Notes to the fiNaNcial statemeNts
26. interest exPense
Group and Bank
2021 2020
RM’000 RM’000
Financial liabilities at amortised cost
Borrowings :
Term loans/Revolving credits 516 1,400
Medium Term Notes 100,794 114,073
101,310 115,473
27. UnDerwriting resUlts
Group and Bank
2021 2020
RM’000 RM’000
Gross premium 489 1,046
Reinsurance (255) (876)
Net premium 234 170
Increase/(decrease) in premium liabilities reserves 956 (3,680)
Net earned premium (Note 27(i)) 1,190 (3,510)
Other fee income 117 525
(Allowance)/write-back of allowance for doubtful debts (257) 4
1,050 (2,981)
Net claims recovered (Note 27(ii)) 3,719 4,956
Underwriting results 4,769 1,975
(i) Net earned premium
Group and Bank
2021 2020
RM’000 RM’000
Gross premium 489 1,046
Change in premium liabilities reserves (Note 21) 956 (3,680)
1,445 (2,634)
Net premium ceded (255) (876)
Net earned premium 1,190 (3,510)
