144 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 The accompanying notes form an integral part of these financial statements. Bank Note 2023 RM'000 2022 RM'000 Assets Cash and bank balances 5 974,727 1,262,925 Financial assets at fair value through profit or loss 6 438,474 324,626 Debt instruments at fair value through other comprehensive income 7(a) 875,939 317,879 Equity instruments at fair value through other comprehensive income 7(a) 1,343 1,294 Debt instruments at amortised cost 7(b) 470,796 449,114 Derivative financial assets 8 75,938 85,217 Loans, advances and financing 9 1,726,647 1,703,510 Balances due from clients and brokers 10 570,636 427,477 Other assets 11 178,662 125,433 Statutory deposit with Bank Negara Malaysia 12 60,620 58,403 Tax recoverable 13,776 13,850 Investments in subsidiaries 13 60,812 60,812 Investment in an associate 14 68,435 68,435 Investment in joint ventures 15 48,066 41,550 Property, plant and equipment 16 144,506 151,029 Intangible assets 17 335,920 331,132 Right-of-use assets 18 20,247 20,540 Deferred tax assets 19 6,807 12,966 Total assets 6,072,351 5,456,192 Liabilities Deposits from customers 20 3,764,714 3,299,305 Deposits and placements of banks and other financial institutions 21 331,803 415,359 Balances due to clients and brokers 22 344,719 262,976 Derivative financial liabilities 23 45,097 16,496 Other liabilities 24 262,046 248,727 Obligations on securities sold under repurchase agreements 25 97,232 - Borrowings 26 180,500 188,500 Lease liabilities 27 20,594 20,757 Provision for taxation and zakat 427 291 Total liabilities 5,047,132 4,452,411 Equity Share capital 28 253,834 253,834 Treasury shares 28 (11,739) (13,538) Reserves 29 783,124 763,485 Total equity 1,025,219 1,003,781 Total liabilities and shareholders’ equity 6,072,351 5,456,192 Commitments and contingencies 43 4,906,200 4,412,160
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