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 255 254 30. OPERATING REVENUE Revenue of the Group comprises all types of revenue derived from brokerage, lending, treasury, investment, trading and investment management and other banking activities undertaken by the Group. Revenue of the Bank comprises all types of revenue derived from brokerage, lending, treasury, investment, trading and other banking activities undertaken by the Bank. 31. INTEREST INCOME Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Loans, advances and financing - Interest income other than recoveries from impaired loans 124,132 120,285 126,827 122,018 Money at call and deposit placements with financial institutions 88,479 77,171 74,826 64,127 Financial investments measured at FVOCI 25,951 14,932 25,951 14,932 Financial investments at amortised cost 17,353 14,060 17,353 14,060 Others 12,595 30,488 12,547 30,412 268,510 256,936 257,504 245,549 32. INTEREST EXPENSE Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Deposits from customers 146,218 123,198 150,551 127,444 Deposits and placements from banks and other financial institutions 12,303 3,273 12,303 3,273 Borrowings 8,783 9,952 8,658 9,520 Lease interest expenses 1,344 475 1,011 879 Monies held in trust 26,582 22,955 26,582 22,955 Others 4,351 2,221 5,357 14,122 199,581 162,074 204,462 178,193 33. OTHER OPERATING INCOME Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 (a) Fee income: Brokerage fees 210,912 170,467 210,912 170,467 Corporate advisory fees 11,323 8,489 11,398 8,591 Processing fees on loans, advances and financing 454 509 685 490 Underwriting commissions 1,258 1,366 1,258 1,366 Placement fees 13,331 15,443 13,331 13,440 Commissions 12,817 9,564 - - Management fee income 232,132 226,454 260 327 Other fee income 58,452 17,739 6,098 6,084 Others 4,099 2,698 3,729 2,354 544,778 452,729 247,671 203,119 The timing of revenue recognition for fee income is as follows: Fee income from providing financial services at a point in time: Brokerage fees 210,912 170,467 210,912 170,467 Corporate advisory fees - 14 - - Processing fees on loans, advances and financing 454 509 685 490 Underwriting commissions 1,258 1,366 1,258 1,366 Placement fees 9,152 11,256 9,152 9,253 Commissions 12,817 9,564 - - Management fee income 28,966 59,052 - 327 Other fee income 53,812 17,739 6,098 6,084 Others 4,099 2,698 3,729 2,354 321,470 272,665 231,834 190,341 Fee income from providing financial services over time: Corporate advisory fees 11,323 8,475 11,398 8,591 Placement fees 4,179 4,187 4,179 4,187 Management fee income 203,166 167,402 260 - Other fee income 4,640 - - - 223,308 180,064 15,837 12,778 Total fee income from contracts with customers 544,778 452,729 247,671 203,119
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