NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 250 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 37. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES In addition to the transactions detailed elsewhere in the financial statements, the Group and the Bank had the following transactions with related parties during the financial year. Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Transactions Income earned: Brokerage fees: - Key management personnel - 5 - 5 - Related company 2,513 2,560 2,513 2,560 Corporate advisory fees: - Subsidiaries - - 95 137 - Related company 21 - 21 - Processing fees on loans, advances and financing: - Subsidiaries - - 276 172 Management fee income: - Subsidiary - - 16 17 Other income: - Subsidiary - - 167 1,420 - Related company 476 331 476 331 Interest on loans, advances and financing: - Subsidiaries - - 4,865 4,639 Interest on others: - Subsidiaries - - 12 5 Group support services charged: - Subsidiaries - - 7,414 7,075 - Related company 199 119 199 119 Dividend income: - Subsidiaries (Note 33) - - 54,000 59,000 - Related company 2,081 - 2,081 -
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