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 279 278 49. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The carrying amounts and the fair values of the financial assets and liabilities of the Group and of the Bank are as follows: Group 2024 2023 Carrying amount RM’000 Fair value RM’000 Carrying amount RM’000 Fair value RM’000 Financial assets Cash and bank balances 2,098,059 2,098,059 1,482,513 1,482,513 Financial assets at fair value through profit or loss 552,301 552,301 438,660 438,660 Financial investments at fair value through other comprehensive income 868,573 868,573 877,282 877,282 Financial investments at amortised cost 521,018 534,125 470,796 484,183 Derivative financial assets 49,697 49,697 75,938 75,938 Loans, advances and financing 1,823,852 1,835,276 1,700,962 1,707,116 Balances due from clients and brokers 454,947 454,947 570,715 570,715 Other assets, excluding prepayments and deposits 419,713 419,713 169,474 169,474 Statutory deposit with Bank Negara Malaysia 73,768 73,768 60,620 60,620 Financial liabilities Deposits from customers 3,762,594 3,762,594 3,610,595 3,610,595 Deposits and placements of banks and other financial institutions 729,835 729,835 331,803 331,803 Balances due to clients and brokers 1,012,438 1,012,438 775,015 775,015 Derivative financial liabilities 60,133 60,133 45,097 45,097 Other liabilities 522,660 522,660 285,488 285,488 Obligations on securities sold under repurchase agreements 69,514 69,514 97,232 97,232 Borrowings 189,500 182,998 180,500 172,003 49. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (CONT’D.) The carrying amounts and the fair values of the financial assets and liabilities of the Group and of the Bank are as follows (cont’d.): Bank 2024 2023 Carrying amount RM’000 Fair value RM’000 Carrying amount RM’000 Fair value RM’000 Financial assets Cash and bank balances 1,386,786 1,386,786 974,727 974,727 Financial assets at fair value through profit or loss 553,541 553,541 438,474 438,474 Financial investments at fair value through other comprehensive income 868,573 868,573 877,282 877,282 Financial investments at amortised cost 521,018 534,125 470,796 484,183 Derivative financial assets 49,697 49,697 75,938 75,938 Loans, advances and financing 1,849,731 1,861,726 1,726,647 1,733,014 Balances due from clients and brokers 454,837 454,837 570,636 570,636 Other assets, excluding prepayments and deposits 203,702 203,702 159,712 159,712 Statutory deposit with Bank Negara Malaysia 73,768 73,768 60,620 60,620 Financial liabilities Deposits from customers 3,904,816 3,904,816 3,764,714 3,764,714 Deposits and placements of banks and other financial institutions 729,835 729,835 331,803 331,803 Balances due to clients and brokers 360,633 360,633 344,719 344,719 Derivative financial liabilities 60,133 60,133 45,097 45,097 Other liabilities, excluding deposits 222,173 222,173 140,991 140,991 Obligations on securities sold under repurchase agreements 69,514 69,514 97,232 97,232 Borrowings 180,500 173,998 180,500 172,003
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