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Section 06 Financial Statements
151

21. DEFERRED INCOME (CONT’D.)
Group and Bank
Gross Reinsurance Net
RM’000 RM’000 RM’000

2019
Arising from:
(i) Guarantee and fee from conventional banking activities
At 1 January 13,046 - 13,046
Addition during the year 4,400 - 4,400
Recognised in profit and loss (8,826) - (8,826)
At 31 December 8,620 - 8,620

(ii) Guarantee and fee from Islamic banking activities
At 1 January 8,527 - 8,527
Addition during the year 2,116 - 2,116
Recognised in profit and loss (3,699) - (3,699)
At 31 December 6,944 - 6,944

(iii) Premium liabilities
At 1 January 39 4,348 4,387
Decrease in reserve (3,256) (286) (3,542)
At 31 December (3,217) 4,062 845

(iv) Takaful contribution liabilities
At 1 January 10,634 957 11,591
Decrease in reserve (6,619) 957 (5,662)
At 31 December 4,015 1,914 5,929

16,362 5,976 22,338