BIMB Integrated Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 46. TAKAFUL RISK MANAGEMENT (CONTINUED) (b) General Takaful Fund (continued) Gross General Takaful contract liabilities for 2017 (Group and Company): BEFORE 2010 2011 2012 2013 2014 2015 2016 2017 TOTAL ACCIDENT YEAR RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At end of accident year 224,758 220,483 215,615 331,800 262,204 221,648 223,780 295,991 One year later 287,375 232,454 209,161 306,084 251,372 208,227 203,209 – Two years later 277,643 215,580 177,695 305,183 250,924 188,734 – – Three years later 248,672 192,988 163,244 264,940 243,501 – – – Four years later 227,251 178,913 158,686 263,409 – – – – Five years later 219,013 170,028 155,598 – – – – – Six years later 216,369 169,000 – – – – – – Seven years later 212,182 – – – – – – – Current estimate of cumulative claims incurred 212,182 169,000 155,598 263,409 243,501 188,734 203,209 295,991 1,731,624 At end of accident year (79,900) (48,450) (43,107) (47,866) (58,855) (59,362) (75,630) (99,942) One year later (148,043) (113,694) (99,559) (117,379) (138,390) (124,477) (137,673) – Two years later (178,214) (144,454) (132,631) (158,980) (180,634) (145,455) – – Three years later (191,372) (158,005) (146,199) (240,162) (212,447) – – – Four years later (198,460) (161,070) (152,499) (255,632) – – – – Five years later (202,917) (167,832) (153,664) – – – – – Six years later (207,266) (168,452) – – – – – – Seven years later (211,995) – – – – – – – Cumulative payments to-date (211,995) (168,452) (153,664) (255,632) (212,447) (145,455) (137,673) (99,942) (1,385,260) Gross General Takaful contract liabilities 187 548 1,934 7,777 31,054 43,279 65,536 196,049 346,364 Additional risk margin 50,824 Effect of movement in exchange rates – Gross General Takaful contract liabilities per Takaful Malaysia financial position (Note 22(a)(i)) 397,188 284 BIMB HOLDINGS BERHAD Integrated Annual Report 2017