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 257 256 33. OTHER OPERATING INCOME (CONT’D.) Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 (b) Investment and trading income: Net gain from sale of financial assets at fair value through profit or loss and derivatives 33,431 60,958 30,821 59,468 Unrealised gain/(loss) on revaluation of financial assets at fair value through profit or loss and derivatives 89,048 (4,434) 90,950 (7,108) Net gain from sale of financial investments at FVOCI 3,255 23 3,255 23 Gross dividend income from: - Financial assets at FVTPL 3,454 1,321 3,447 1,321 - Financial investments at FVOCI 49 98 49 98 - Subsidiaries and associates - - 41,997 56,081 Interest income from financial assets at FVTPL 1,437 1,633 1,437 1,633 130,674 59,599 171,956 111,516 (c) Other income: Foreign exchange gain, net 10,817 10,523 11,138 10,174 Gain on disposal of property, plant and equipment - 2 - 3 Other operating income 2,649 1,341 15,351 8,759 Other non-operating income - Rental income 2,339 2,249 4,659 4,055 - Gain on disposal of a subsidiary - 1,509 - - - Gain/(loss) on disposal of a joint venture (Note 56(a)(i)) 479 - (2,360) - - Others 11,202 8,800 8,192 5,076 27,486 24,424 36,980 28,067 Total other operating income 702,938 536,752 456,607 342,702 34. OTHER OPERATING EXPENSES Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Personnel costs - Salaries, allowances and bonuses 196,088 186,682 141,128 129,727 - EPF 25,144 23,150 19,949 18,530 - ESS reversal (313) (260) (319) (265) - Others 36,111 28,400 16,990 12,489 257,030 237,972 177,748 160,481 Establishment costs - Depreciation of property, plant and equipment (Note 16) 10,925 11,182 9,209 9,869 - Amortisation of intangible assets (Note 17(d) and (f)) 9,086 7,654 7,082 6,185 - Amortisation of right-of-use assets (Note 18) 8,054 8,640 6,432 6,672 - Rental of premises 5,558 500 5,493 440 - Rental of equipment 898 880 584 566 - Repairs and maintenance 5,288 4,033 4,030 3,880 - Information technology expenses 38,335 33,466 28,302 24,446 - Others 3,807 3,895 3,533 3,475 81,951 70,250 64,665 55,533 Marketing expenses - Promotion and advertisements 19,716 13,875 4,684 3,574 - Travel and entertainment 5,128 5,640 2,630 3,000 - Others 1,102 1,868 1,052 1,813 25,946 21,383 8,366 8,387 Administration and general expenses - Communication expenses 4,873 4,894 3,959 3,948 - Regulatory charges 20,862 16,511 19,537 15,438 - Publication and research material 12,447 12,324 10,038 10,408 - Administrative expenses 18,309 16,742 13,492 14,271 - Professional fees and legal fees 4,797 4,907 3,504 4,480 - Fees and brokerage 217,806 184,821 126,416 103,959 279,094 240,199 176,946 152,504 Total other operating expenses 644,021 569,804 427,725 376,905 Included in the other operating expenses are the following: Auditors’ remuneration - Statutory audit 577 569 380 370 - Assurance related 58 57 58 57 - Other services 141 74 91 32
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