KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 201 200 5. CASH AND BANK BALANCES Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Cash and balances with banks and other financial institutions 822,675 500,062 206,301 116,341 Money at call and deposit placements 1,275,384 982,451 1,180,485 858,386 2,098,059 1,482,513 1,386,786 974,727 Included in cash and bank balances are: Cash and cash equivalents 1,305,007 949,650 1,299,196 885,705 Monies held in trust on behalf of funds’ clients, dealers’ representatives and segregated funds for customers 792,952 532,763 87,590 89,022 Deposits more than 3 months 100 100 - - 2,098,059 1,482,513 1,386,786 974,727 Of which deposits with original maturity of: - 3 months or less 1,275,284 982,351 1,180,485 858,386 - more than 3 months 100 100 - - 1,275,384 982,451 1,180,485 858,386 Monies held in trust on behalf of clients of RM1,734,642,000 (2023: RM980,227,000) in respect of the stockbroking business are excluded from the cash and bank balances of the Group and of the Bank in accordance with Financial Reporting Standards Implementation Committee (“FRSIC”) Consensus 18. 6. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (“FVTPL”) Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 At fair value Quoted securities: Shares and funds in Malaysia 275,869 248,446 274,906 247,887 Shares and funds outside Malaysia 21,415 19,384 21,415 19,384 Unquoted securities: Shares and funds in Malaysia 255,017 170,830 257,220 171,203 552,301 438,660 553,541 438,474 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL Group and Bank 2024 RM’000 2023 RM’000 (a) Financial instruments at Fair ValueThrough Other Comprehensive Income (“FVOCI”): Debt instruments: Malaysian Government Securities 291,869 177,379 Malaysian Government Investment Certificates 402,651 331,282 Islamic Negotiable Instruments of Deposits - 159,644 Islamic Corporate Sukuk 137,238 167,187 Corporate Bonds 35,394 40,447 867,152 875,939 Equity instruments: Unquoted Shares in Malaysia 1,421 1,343 Total financial instruments at FVOCI 868,573 877,282 Impairment losses on financial instruments subject to impairment assessment Debt instruments at FVOCI The table below shows the fair value of the Group’s and of the Bank’s debt instruments measured at FVOCI by credit risk, based on the Group’s and the Bank’s internal credit rating system and year-end stage classification. Details of the Group’s and of the Bank’s internal rating system are explained in Note 51(a). Group and Bank 2024 Stage 1 Stage 2 Stage 3 Total Internal rating grade RM’000 RM’000 RM’000 RM’000 Investment grade 867,152 - - 867,152 Group and Bank 2023 Stage 1 Stage 2 Stage 3 Total Internal rating grade RM’000 RM’000 RM’000 RM’000 Investment grade 875,939 - - 875,939
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