Page 168 - EXIM-Bank_Annual-Report-2022

166 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

28. INterest eXPeNse
Group and Bank
2022 2021
rM’000 rM’000
Financial liabilities at amortised cost
Borrowings:
Term loans/Revolving credits 6,692 516
Medium Term Notes 90,325 100,794

97,017 101,310

29. uNDerWrItING resuLts
Group and Bank
2022 2021
rM’000 rM’000
Gross premium (504) 489
Reinsurance 436 (255)

Net premium (68) 234
Increase in premium liabilities reserves 693 956
Net earned premium (Note 29(i)) 625 1,190
Other fee income 530 117
Writeback/(Allowance) for doubtful debts 307 (257)

1,462 1,050
Net claims recovered (Note 29(ii)) 4,267 3,719
Underwriting results 5,729 4,769

(i) Net earned premium
Group and Bank
2022 2021
rM’000 rM’000
Gross premium (504) 489
Change in premium liabilities reserves 693 956
189 1,445
Net premium ceded 436 (255)
Net earned premium 625 1,190