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 249 248 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Balances due to clients and brokers 1,012,438 775,015 360,633 344,719 Balances due to clients and brokers represent amounts payable in respect of outstanding contracts entered into on behalf of these clients where settlements have yet to be made. These balances are generally on 1 to 2 trading days (2023: 1 to 2 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2024 RM’000 2023 RM’000 At fair value Dual currency investment - Options 23 5 Foreign exchange related contracts 780 - Equity related contracts - Options 56,703 40,124 Equity related contract - Swaps - 1,012 Equity related contract - Forward 2,627 3,956 60,133 45,097 Contract/notional amount Dual currency investment - Options 16,410 3,074 Foreign exchange related contracts 139,780 - Equity related contracts - Options 1,038,858 498,986 Equity related contract - Swaps - 33,374 Equity related contract - Forward 50,007 80,738 1,245,055 616,172 The contractual or underlying notional amounts of derivative financial liabilities held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk. 24. OTHER LIABILITIES Note Group Bank 2024 RM’000 2023 RM’000 Restated (Note 57) 2024 RM’000 2023 RM’000 Restated (Note 57) Interest/income payable 34,929 28,775 35,307 29,226 Retention for contra losses 17 17 17 17 Structured products 16,410 3,474 16,410 3,474 Treasury trade payables 29,904 - 29,904 - Accruals and provisions (i) 265,043 190,739 66,618 65,028 Amount held in trust on behalf of dealer’s representatives 87,590 89,022 87,590 89,022 Securities borrowing and lending 29,205 8,722 29,206 8,722 Deposits and other creditors 91,142 72,387 72,746 66,548 Allowances for impairment losses on loan commitments (ii) - 42 13 81 Amount due to trustees 105,477 37,329 - - Amount due to subsidiaries - - 267 9 659,717 430,507 338,078 262,127 (i) The movements of provisions included in accruals and provisions are as follows: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 As at 1 January 40,457 33,698 17,566 11,838 Provisions made, net 44,941 37,463 28,788 19,680 Utilisations (35,948) (30,704) (18,056) (13,952) As at 31 December 49,450 40,457 28,298 17,566 The nature of the provisions made above are for provision for annual leave, bonus, directors’ fee and other expenses. (ii) The movements in allowances for impairment losses on loan commitments are as follows: Group ECL allowances 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 42 - - 42 Exposures derecognised or repaid (excluding write-offs) (42) - - (42) As at 31 December - - - -
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