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19. DEFERRED INCOME (CONT’D)
Gross Reinsurance
Net
RM’000
RM’000
RM’000
Group and Bank
2012
Arising from:
(i) Guarantee from banking activities
At 1 January
1,496
–
1,496
Addition during the year
377
–
377
Recognised to income statement
(1,333)
–
(1,333)
At 31 December
540
–
540
(ii) Premium liabilities
At 1 January
13,431
(1,915)
11,516
Increase in reserve (Note 26(i))
660
(589)
71
At 31 December
14,091
(2,504)
11,587
(iii) Takaful premium liabilities
At 1 January
–
–
Increase in reserve
1,406
–
1,406
At 31 December
1,406
–
1,406
16,037
(2,504)
13,533
EXIM Bank Annual Report 2013
145