Page 157 - EXIM-BANK-AR20

Section 06 Financial Statements
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26. INTEREST EXPENSE
Group and Bank
2020 2019
RM’000 RM’000

Financial liabilities at amortised cost
Borrowings :
Term loans/Revolving credits 1,400 4,243
Medium Term Notes 114,073 138,080
115,473 142,323

27. UNDERWRITING RESULTS

Group and Bank
2020 2019
RM’000 RM’000
Gross premium 1,046 10,948
Reinsurance (876) (8,636)
Net premium 170 2,312
Decrease in premium liabilities reserves (3,680) 3,009
Net earned premium (Note 27(i)) (3,510) 5,321
Other fee income 525 845
Write-back of allowance for doubtful debts 4 197
(2,981) 6,363
Net claims recovered/(incurred) (Note 27(ii)) 4,956 (28,328)
Underwriting results 1,975 (21,965)

(i) Net earned premium

Group and Bank
2020 2019
RM’000 RM’000

Gross premium 1,046 10,948
Change in premium liabilities reserves (Note 21) (3,680) 3,009
(2,634) 13,957
Net premium ceded (876) (8,636)
Net earned premium (3,510) 5,321