NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 242 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 30. OPERATING REVENUE Revenue of the Group comprises all types of revenue derived from brokerage, lending, treasury, investment, trading and investment management and other banking activities undertaken by the Group. Revenue of the Bank comprises all types of revenue derived from brokerage, lending, treasury, investment, trading and other banking activities undertaken by the Bank. 31. INTEREST INCOME Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Loans, advances and financing - Interest income other than recoveries from impaired loans * 120,285 113,000 122,018 111,229 Money at call and deposit placements with financial institutions 77,171 58,078 64,127 50,680 Financial investments measured at FVOCI 14,932 15,863 14,932 15,863 Financial investments at amortised cost 14,060 8,276 14,060 8,276 Others 30,488 27,322 30,412 27,316 256,936 222,539 245,549 213,364 * Included reversal of net modification loss relating to COVID-19 relief measures of the Group and of the Bank of RM41,000 (2022: reversal of RM31,000) in the current financial year. 32. INTEREST EXPENSE Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Deposits from customers 123,198 82,572 127,444 86,256 Deposits and placements from banks and other financial institutions 3,273 830 3,273 830 Borrowings 9,952 10,791 9,520 9,367 Lease interest expenses 475 894 879 743 Monies held in trust 22,955 16,724 22,955 16,724 Others 2,221 1,002 14,122 13,611 162,074 112,813 178,193 127,531
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