NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 262 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 47. OFFSETTING OF FINANCIAL INSTRUMENTS Financial assets and financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements are as follows: Gross amounts of recognised financial asset/ liability RM’000 Gross amounts of recognised financial asset/ liability set off in the statements of financial position RM’000 Net amounts of recognised financial assets presented in the statements of financial position RM’000 Related accounts not set off in the statements of financial position Net amount RM’000 Financial instruments RM’000 Cash collateral received RM’000 Group 2023 Balances due from clients and brokers (Note 10) 1,214,996 (644,281) 570,715 2,585,311 195,677 - Balances due to clients and brokers (Note 22) 1,764,015 (989,000) 775,015 - - 775,015 2022 Balances due from clients and brokers (Note 10) 856,151 (428,513) 427,638 2,919,653 174,399 - Balances due to clients and brokers (Note 22) 1,424,199 (691,490) 732,709 - - 732,709 Bank 2023 Balances due from clients and brokers (Note 10) 1,214,917 (644,281) 570,636 2,585,311 195,677 - Balances due to clients and brokers (Note 22) 1,333,719 (989,000) 344,719 - - 344,719 2022 Balances due from clients and brokers (Note 10) 855,990 (428,513) 427,477 2,919,653 174,399 - Balances due to clients and brokers (Note 22) 954,464 (691,488) 262,976 - - 262,976
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