BIMB Integrated Annual Report 2017

31. NET INCOME FROM TAKAFUL BUSINESS GROUP 2017 2016 NOTE RM’000 RM’000 Net earned contributions Gross earned contributions 1,814,765 1,725,099 Contribution ceded to retakaful (297,576) (242,172) 31(a) 1,517,189 1,482,927 Other income Administration income 80,865 56,583 Investment income 291,746 268,612 Realised gains and losses 23,135 (2,997) Fair value gains and losses (8,708) 15,562 Other operating income 4,047 6,002 391,085 343,762 Net benefits and claims Gross benefits and claims paid (1,003,654) (1,127,519) Claims receded to retakaful 163,996 244,762 Gross change to contract liabilities 34,611 159,460 Change to contract liabilities ceded to retakaful (5,463) (142,981) 31(b) (810,510) (866,278) Expense reserves (37,897) (16,676) Income from takaful business 1,059,867 943,735 Profits attributable to participants/takaful operator (339,672) (266,547) Net income from takaful business 720,195 677,188 (a) Net earned contributions GROUP 2017 2016 RM’000 RM’000 Gross contributions 1,835,134 1,729,178 Change in actuarial reserves/unearned contributions reserves (20,369) (4,079) Gross earned contributions 1,814,765 1,725,099 Retakaful (308,076) (249,087) Change in actuarial reserves/unearned contributions reserve 10,500 6,915 Contributions ceded to retakaful (297,576) (242,172) Net earned contributions 1,517,189 1,482,927 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 236 BIMB HOLDINGS BERHAD Integrated Annual Report 2017