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156 EXIM BANK MALAYSIA
Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS

27. UNDERWRITING RESULTS (CONT’D.)
(ii) Net claims recovered/(incurred)

Group and Bank
2020 2019
RM’000 RM’000

Gross claims paid less salvage (Note 22) (314) (8,346)
Recoveries 4,031 -
Claims recovered/(paid) 3,717 (8,346)
Change to insurance claims (Note 22) 1,239 (19,982)

Net claims recovered/(incurred) 4,956 (28,328)

28. OTHER INCOME
Group and Bank
2020 2019
RM’000 RM’000

Fee income from loans, advances and financing 21,483 22,023
Unrealised foreign exchange gain 5,576 444,964
Realised foreign exchange gain/(loss)
- Financial assets at amortised cost 44,163 (190,915)
- Financial liabilities at FVTPL (28,714) (249,797)
Gain on disposal of equipment 39 27
Rental of income 14 25
Unrealised gain on derivatives 104,350 107,809
Loss on MTN/Sukuk
- Unrealised (40,429) (88,628)
Others 177 1,145
106,659 46,653

29. OVERHEAD EXPENSES

Group and Bank
2020 2019
Note RM’000 RM’000
Personnel costs (i) 55,918 46,984
Establishment related expenses (ii) 10,676 11,779
Promotion and marketing expenses (iii) 558 2,225
General administrative expenses (iv) 21,039 21,041
88,191 82,029