KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED OUR VALUE CREATION APPROACH FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 159 158 Bank Note 2024 RM’000 2023 RM’000 Restated (Note 57) Assets Cash and bank balances 5 1,386,786 974,727 Financial assets at fair value through profit or loss 6 553,541 438,474 Debt instruments at fair value through other comprehensive income 7(a) 867,152 875,939 Equity instruments at fair value through other comprehensive income 7(a) 1,421 1,343 Debt instruments at amortised cost 7(b) 521,018 470,796 Derivative financial assets 8 49,697 75,938 Loans, advances and financing 9 1,849,731 1,726,728 Balances due from clients and brokers 10 454,837 570,636 Other assets 11 219,144 178,662 Statutory deposit with Bank Negara Malaysia 12 73,768 60,620 Tax recoverable 24,716 13,776 Investment in subsidiaries 13 77,812 60,812 Investment in associates 14 91,844 68,435 Investment in joint ventures 15 45,706 48,066 Property, plant and equipment 16 145,048 144,506 Intangible assets 17 333,576 335,920 Right-of-use assets 18 16,645 20,247 Deferred tax assets 19 11,169 6,807 Total assets 6,723,611 6,072,432 Liabilities Deposits from customers 20 3,904,816 3,764,714 Deposits and placements of banks and other financial institutions 21 729,835 331,803 Balances due to clients and brokers 22 360,633 344,719 Derivative financial liabilities 23 60,133 45,097 Other liabilities 24 338,078 262,127 Obligations on securities sold under repurchase agreements 25 69,514 97,232 Borrowings 26 180,500 180,500 Lease liabilities 27 17,161 20,594 Provision for taxation and zakat 17,071 427 Total liabilities 5,677,741 5,047,213 Equity Share capital 28 253,834 253,834 Treasury shares 28 (7,441) (11,739) Reserves 29 799,477 783,124 Total equity 1,045,870 1,025,219 Total liabilities and shareholders’ equity 6,723,611 6,072,432 Commitments and contingencies 43 6,538,731 4,906,200 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Note Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Operating revenue 30 1,003,797 821,056 695,591 555,868 Interest income 31 268,510 256,936 257,504 245,549 Interest expense 32 (199,581) (162,074) (204,462) (178,193) Net interest income 68,929 94,862 53,042 67,356 Net income from Islamic banking operations 53(b) 27,698 20,639 27,698 20,639 Other operating income 33 702,938 536,752 456,607 342,702 Net income 799,565 652,253 537,347 430,697 Other operating expenses 34 (644,021) (569,804) (427,725) (376,905) Operating profit 155,544 82,449 109,622 53,792 Credit loss expense 35 (54,277) (5,526) (29,754) (5) Bad debts recovered 36 5,333 4,919 5,344 4,909 106,600 81,842 85,212 58,696 Share of results of associates and joint ventures 10,649 6,268 - - Profit before taxation and zakat 117,249 88,110 85,212 58,696 Taxation and zakat 41 (21,494) (15,359) (13,224) (3,784) Profit for the financial year 95,755 72,751 71,988 54,912 Other comprehensive income/(loss): Items that will not be reclassified subsequently to profit or loss: Fair value gain on equity instruments at fair value through other comprehensive income (“FVOCI”) 79 49 79 49 Share of other comprehensive income in associates 6,223 9,767 - - Income tax relating to fair value gain on equity instruments 19 (19) (12) (19) (12) Items that will be reclassified subsequently to profit or loss: Foreign exchange differences on consolidation (3,774) 4,761 - - Other comprehensive income carried forward: 2,509 14,565 60 37 The accompanying notes form an integral part of these financial statements.
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