NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 188 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 5. CASH AND BANK BALANCES Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Cash and balances with banks and other financial institutions 500,062 498,690 116,341 113,936 Money at call and deposit placements 982,451 1,234,096 858,386 1,148,989 1,482,513 1,732,786 974,727 1,262,925 Included in cash and bank balances are: Cash and cash equivalents 949,650 1,200,647 885,705 1,174,810 Monies held in trust on behalf of funds’ clients, dealers’ representatives and segregated funds for customers 532,763 532,139 89,022 88,115 Deposits more than 3 months 100 - - - 1,482,513 1,732,786 974,727 1,262,925 Of which deposits with original maturity of: - 3 months or less 982,351 1,234,096 858,386 1,148,989 - more than 3 months 100 - - - 982,451 1,234,096 858,386 1,148,989 Monies held in trust on behalf of clients of RM980,227,000 (2022: RM1,069,081,000) in respect of the stockbroking business are excluded from the cash and bank balances of the Group and of the Bank in accordance with Financial Reporting Standards Implementation Committee (“FRSIC”) Consensus 18. 6. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (“FVTPL”) Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 At fair value Quoted securities: Shares and funds in Malaysia 248,446 127,984 247,887 127,443 Shares and funds outside Malaysia 19,384 16,529 19,384 16,529 Unquoted securities: Shares and funds in Malaysia 170,830 168,584 171,203 171,612 Unquoted debt securities in Malaysia: Islamic Corporate Sukuk - 9,042 - 9,042 438,660 322,139 438,474 324,626
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