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 237 236 16. PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Bank Freehold land RM’000 Building RM’000 Motor vehicles RM’000 Computer hardware RM’000 Office equipment RM’000 Furniture and fittings RM’000 Renovations RM’000 Capital work-in- progress RM’000 Total RM’000 2023 Cost At 1 January 2023 81,910 46,830 4,436 34,100 26,599 24,065 29,897 307 248,144 Additions - - 660 1,112 301 438 674 181 3,366 Reclassification - - 5 - - - 297 (302) - Disposals/write-off - - - (269) (7) (313) (394) - (983) At 31 December 2023 81,910 46,830 5,101 34,943 26,893 24,190 30,474 186 250,527 Accumulated depreciation At 1 January 2023 - 6,311 3,856 24,862 18,929 19,903 23,254 - 97,115 Depreciation charge for the financial year (Note 34) - 936 363 3,924 2,061 1,101 1,484 - 9,869 Disposals/write-off - - - (254) (6) (310) (393) - (963) At 31 December 2023 - 7,247 4,219 28,532 20,984 20,694 24,345 - 106,021 Net carrying amount At 31 December 2023 81,910 39,583 882 6,411 5,909 3,496 6,129 186 144,506 17. INTANGIBLE ASSETS Note Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Total intangible assets With indefinite useful life Goodwill (a) 241,027 241,027 252,909 252,909 Merchant banking licence (b) 52,500 52,500 52,500 52,500 Fund management contracts (c) 4,169 4,169 - - Trading and clearing rights for derivatives broking (e) 416 416 - - With definite useful life Computer software and work-in-progress (d) 40,969 33,092 28,167 30,511 Client relationships (f) 1,959 2,405 - - 341,040 333,609 333,576 335,920 (a) Goodwill Cost At beginning/end of the financial year 276,794 276,794 288,676 288,676 Accumulated impairment loss At beginning/end of the financial year 35,767 35,767 35,767 35,767 Net carrying amount 241,027 241,027 252,909 252,909 (b) Merchant banking licence Carrying amount At beginning/end of the financial year 52,500 52,500 52,500 52,500 (c) Fund management contracts Carrying amount At beginning/end of the financial year 4,169 4,169 - -
RkJQdWJsaXNoZXIy NDgzMzc=