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NOTESTOTHEFINANCIALSTATEMENTS
31 DECEMBER 2013
20. PROVISION FOR GUARANTEE AND CLAIMS
Gross
Net
RM’000
RM’000
Group and Bank
2013
Arising from:
(i) Insurance claims
At 1 January
19,930
19,930
Addition during the year
6,064
6,064
Paid during the year (Note 26)(ii)
(594)
(594)
At 31 December
25,400
25,400
(ii) Takaful claims
At 1 January
361
361
Addition during the year
2,495
2,495
Paid during the year
(1,313)
(1,313)
At 31 December
1,543
1,543
(iii) Expenses liabilities
At 1 January
–
–
Addition during the year
130
130
At 31 December
130
130
27,073
27,073
2012
Arising from:
(i) Insurance claims
At 1 January
24,433
24,433
Reversal during the year
17,209
17,209
Paid during the year (Note 26)(ii)
(21,712)
(21,712)
At 31 December
19,930
19,930
(ii) Takaful claims
At 1 January
–
–
Addition during the year
361
361
At 31 December
361
361
20,291
20,291
146
EXIM Bank Annual Report 2013