BIMB Integrated Annual Report 2017

22. TAKAFUL LIABILITIES (CONTINUED) (a) Takaful contract liabilities (continued) (ii) Provision for unearned contributions (continued) Movement of provision for unearned contributions: GROUP GROSS RETAKAFUL NET RM’000 RM’000 RM’000 At 1 January 2016 297,773 (55,893) 241,880 Contributions written during the year 516,651 (201,122) 315,529 Contributions earned during the year (498,631) 194,207 (304,424) Effect of movement in exchange rates 776 (161) 615 At 31 December 2016/1 January 2017 316,569 (62,969) 253,600 Contributions written during the year 587,344 (250,490) 336,854 Contributions earned during the year (554,244) 241,398 (312,846) Disposal of subsidiary (6,886) 603 (6,283) Effect of movement in exchange rates (808) 150 (658) At 31 December 2017 341,975 (71,308) 270,667 (iii) Participants’ fund Participants’ fund balance at end of the reporting period comprises the following: GROUP GROSS RETAKAFUL NET RM’000 RM’000 RM’000 31.12.2017 Actuarial liabilities 4,755,894 (179,484) 4,576,410 Unallocated surplus/accumulated surplus 962,329 – 962,329 AFS reserve (27,468) – (27,468) Translation reserve (1,565) – (1,565) Net assets value attributable to unitholders 82,376 – 82,376 5,771,566 (179,484) 5,592,082 Note 11 31.12.2016 Actuarial liabilities 4,389,596 (144,096) 4,245,500 Unallocated surplus/accumulated surplus 954,378 – 954,378 AFS reserve (54,684) – (54,684) Translation reserve (872) – (872) Net assets value attributable to unitholders 209,204 – 209,204 5,497,622 (144,096) 5,353,526 Note 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 222 BIMB HOLDINGS BERHAD Integrated Annual Report 2017