NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 268 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 49. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (CONT’D.) The carrying amounts and the fair values of the financial assets and liabilities of the Group and of the Bank are as follows (cont’d.): Bank 2023 2022 Carrying amount RM’000 Fair value RM’000 Carrying amount RM’000 Fair value RM’000 Financial assets Cash and bank balances 974,727 974,727 1,262,925 1,262,925 Financial assets at fair value through profit or loss 438,474 438,474 324,626 324,626 Financial investments at fair value through other comprehensive income 877,282 877,282 319,173 319,173 Financial investments at amortised cost 470,796 484,183 449,114 458,563 Derivative financial assets 75,938 75,938 85,217 85,217 Loans, advances and financing 1,726,647 1,733,014 1,703,510 1,710,413 Balances due from clients and brokers 570,636 570,636 427,477 427,477 Other assets, excluding prepayments and deposits 159,712 159,712 106,937 106,937 Statutory deposit with Bank Negara Malaysia 60,620 60,620 58,403 58,403 Financial liabilities Deposits from customers 3,764,714 3,764,714 3,299,305 3,299,305 Deposits and placements of banks and other financial institutions 331,803 331,803 415,359 415,359 Balances due to clients and brokers 344,719 344,719 262,976 262,976 Derivative financial liabilities 45,097 45,097 16,496 16,496 Other liabilities, excluding deposits 146,719 146,719 137,123 137,123 Obligations on securities sold under repurchase agreements 97,232 97,232 - - Borrowings 180,500 172,003 188,500 152,746
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