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 247 246 19. DEFERRED TAXATION (CONT’D.) Group 2024 RM’000 2023 RM’000 Year of expiry of unutilised tax losses is analysed as follows: - 2028 9,754 9,754 - 2029 3,218 3,218 - 2030 2,937 2,937 - 2031 1,858 1,858 - 2032 2,575 709 - 2033 1,089 1,089 - 2034 1,855 - 23,286 19,565 On 27 December 2018, the Finance Act 2018 was gazetted and section 10 of the Finance Act 2018 made amendments to Section 44 of Income Tax Act 1967 (“ITA”). Effective year of assessment (“YA”) 2019, the ability to carry forward the unabsorbed losses is restricted to a maximum period of ten (10) consecutive years. The unabsorbed capital allowances for the Group are not subject to ten (10) year limitation period and available for offsetting against future taxable profits of the Group. These utilisation of carried forward tax losses and allowances are also subject to no substantial change in shareholding of the Group under the Income Tax Act 1967 and guidelines issued by the tax authority. 20. DEPOSITS FROM CUSTOMERS Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Fixed term deposits 3,037,129 2,717,804 3,097,356 2,757,670 Short term money deposits 509,206 657,594 591,201 771,847 Negotiable instruments of deposits 131,431 145,127 131,431 145,127 Call money deposits 84,828 90,070 84,828 90,070 3,762,594 3,610,595 3,904,816 3,764,714 (i) The maturity structure is as follows: On demand 84,828 90,070 84,828 90,070 Due within six months 3,029,175 2,559,141 3,170,897 2,713,260 Six months to one year 466,179 692,818 466,679 692,818 More than one year 182,412 268,566 182,412 268,566 3,762,594 3,610,595 3,904,816 3,764,714 (ii) The deposits are sourced from the following types of customers: Government and statutory bodies 524,913 611,206 524,913 611,206 Individuals 191,916 182,798 191,916 182,798 Business enterprises 706,126 886,486 706,126 886,486 Non-bank financial institutions 2,339,639 1,606,945 2,339,639 1,606,945 Subsidiaries and related companies - 323,160 142,222 477,279 3,762,594 3,610,595 3,904,816 3,764,714 21. DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS Group and Bank 2024 RM’000 2023 RM’000 Licensed banks 210,000 14,579 Licensed investment banks 90,000 100,000 Other financial institutions 140,157 217,224 Other related companies 289,678 - 729,835 331,803
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