NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 240 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 27. LEASE LIABILITIES Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 As at 1 January 25,324 18,829 20,757 15,473 Additions 9,899 20,170 8,376 17,646 Accretion of interest 475 894 879 743 Payments (9,021) (8,922) (7,491) (7,448) Derecognition (1,927) (5,647) (1,927) (5,657) As at 31 December 24,750 25,324 20,594 20,757 The maturity analysis of lease liabilities is disclosed as below: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Within 1 year 6,529 7,772 6,230 6,445 Between one and five years 18,221 17,552 14,364 14,312 24,750 25,324 20,594 20,757 28. SHARE CAPITAL Group and Bank Number of Ordinary Shares Amount 2023 ‘000 2022 ‘000 2023 RM’000 2022 RM’000 Issued and fully paid: Ordinary shares As at 1 January/31 December 735,762 735,762 253,834 253,834 TREASURY SHARES Group and Bank Number of Ordinary Shares Amount 2023 ‘000 2022 ‘000 2023 RM’000 2022 RM’000 At 1 January 13,484 10,476 13,538 13,064 Share buy-back - 15,682 - 16,097 Transfer to staff pursuant to ESS exercise (1,792) (12,674) (1,799) (15,623) At 31 December 11,692 13,484 11,739 13,538
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