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ANNUAL REPORT 2021 159

Notes to the fiNaNcial statemeNts

21. DeferreD incOme

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

2021

Arising from:
(i) Guarantee and other fees from conventional banking activities
At 1 January 9,945 - 9,945
Addition during the year 18,525 - 18,525
Recognised in profit and loss (14,282) - (14,282)
At 31 December 14,188 - 14,188

(ii) Guarantee and other fees from Islamic banking activities
At 1 January 1,912 - 1,912
Addition during the year 1,275 - 1,275
Recognised in profit and loss (101) - (101)
At 31 December 3,086 - 3,086

(iii) Premium liabilities
At 1 January (315) 4,840 4,525
Decrease in reserve (1,960) 981 (979)
At 31 December (2,275) 5,821 3,546

(iv) Takaful contribution liabilities
At 1 January 2,472 2,871 5,343
Increase in reserve 2,276 957 3,233
At 31 December 4,748 3,828 8,576

19,747 9,649 29,396