KENANGA ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 243 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 33. OTHER OPERATING INCOME Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 (a) Fee income: Brokerage fees 170,467 166,610 170,467 166,610 Corporate advisory fees 8,489 10,331 8,591 10,468 Processing fees on loans, advances and financing 509 3,057 490 1,679 Underwriting commissions 1,366 891 1,366 891 Placement fees 15,443 19,303 13,440 11,043 Commissions 9,564 12,703 - - Management fee income 226,454 202,047 327 359 Other fee income 17,739 18,269 6,084 6,345 Other 2,698 1,653 2,354 437 452,729 434,864 203,119 197,832 The timing of revenue recognition for fee income is as follows: Fee income from providing financial services at a point in time: Brokerage fees 170,467 166,610 170,467 166,610 Corporate advisory fees 14 19 - 114 Processing fees on loans, advances and financing 509 3,057 490 1,679 Underwriting commissions 1,366 891 1,366 891 Placement fees 11,256 15,643 9,253 7,383 Commissions 9,564 12,703 - - Management fee income 59,052 70,471 327 359 Other fee income 17,739 18,269 6,084 6,345 Others 2,698 1,653 2,354 437 272,665 289,316 190,341 183,818 Fee income from providing financial services over time: Corporate advisory fees 8,475 10,312 8,591 10,354 Placement fees 4,187 3,660 4,187 3,660 Management fee income 167,402 131,576 - - 180,064 145,548 12,778 14,014 Total fee income from contracts with customers 452,729 434,864 203,119 197,832

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