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 263 262 37. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES In addition to the transactions detailed elsewhere in the financial statements, the Group and the Bank had the following transactions with related parties during the financial year. Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Transactions Income earned: Brokerage fees: - Key management personnel 1 - 1 - - Related company 1,779 2,383 1,779 2,383 Corporate advisory fees: - Subsidiaries - - 75 95 - Related company - 21 - 21 Processing fees on loans, advances and financing: - Subsidiaries - - 323 276 Management fee income: - Subsidiary - - 17 16 Other income: - Subsidiary - - 166 167 - Related company 481 476 481 476 Interest on loans, advances and financing: - Subsidiaries - - 4,821 4,865 Interest on others: - Subsidiaries - - 8 12 Group support services charged: - Subsidiaries - - 8,621 7,414 - Related company 138 199 138 199 Dividend income: - Subsidiaries (Note 33) - - 38,450 54,000 - Related company - - 3,547 2,081 37. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Transactions (cont’d.) Income earned (cont’d.): Rental of premises: - Subsidiaries - - 2,046 1,524 - Related company 348 352 348 352 Rental of car park: - Subsidiaries - - 275 269 - Related company 20 21 20 21 Referral and cost sharing fees: - Subsidiary - - 261 3,365 Expenditure incurred: Interest on deposits and placements: - Subsidiaries - - 4,334 4,273 - Key management personnel 71 92 71 92 - Related companies 11,986 11,022 11,986 11,022 - Other related party - 662 - 662 Rollover fees - Related company 107 144 107 144 Interest on debt securities products: - Subsidiary - - 954 11,902 Staff training cost: - Subsidiaries - - 111 100 Direct placement cost: - Subsidiary - - - 1,812 Management fees expenses - Subsidiary - - 2,610 1,491 Other expenses: - Subsidiary - - 1 -
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