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 283 282 50. SEGMENTAL REPORTING (CONT’D.) The following table provides an analysis of the Group’s revenue, results, assets, liabilities and other information by operating segments: 2024 Investment banking RM’000 Stock broking RM’000 Listed derivatives RM’000 Asset and wealth management RM’000 Corporate and Others RM’000 Eliminations/ consolidation adjustments RM’000 Total RM’000 Revenue External sales 187,906 430,838 25,989 295,438 63,626 - 1,003,797 - Interest income 142,557 135,810 13,447 10,205 2,167 - 304,186 - Fee income 30,168 221,931 12,649 285,415 - - 550,163 - Trading and investment income 8,609 66,291 - 20 61,167 - 136,087 - Other operating income/(expense) 6,572 6,806 (107) (202) 292 - 13,361 Inter-segment sales 58,527 (67,221) 1,597 8,468 15,139 (16,510) - Total revenue 246,433 363,617 27,586 303,906 78,765 (16,510) 1,003,797 Result Net income 74,487 338,618 25,414 293,398 115,524 (47,876) 799,565 Other operating expenses (58,672) (321,396) (17,651) (208,267) (45,009) 6,974 (644,021) Credit loss (expense)/reversal (9,599) (5,740) - (38,091) (2,006) 1,159 (54,277) Bad debt recovered/(written off) 11 3,923 (11) - 1,410 - 5,333 Share of results in associates and joint ventures - - - - 10,649 - 10,649 Profit/(loss) before taxation and zakat 6,227 15,405 7,752 47,040 80,568 (39,743) 117,249 Taxation and zakat (21,494) Net profit for the financial year 95,755 50. SEGMENTAL REPORTING (CONT’D.) The following table provides an analysis of the Group’s revenue, results, assets, liabilities and other information by operating segments (cont’d.): 2024 Investment banking RM’000 Stock broking RM’000 Listed derivatives RM’000 Asset and wealth management RM’000 Corporate and Others RM’000 Eliminations/ consolidation adjustments RM’000 Total RM’000 Other information Net interest and finance income 27,325 37,753 12,856 (728) 7,532 1,198 85,936 Depreciation and amortisation (914) (11,291) (429) (7,208) (10,024) 1,801 (28,065) Disposal of a joint venture - - - - (2,360) 2,839 479 Non cash items - Unrealised (loss)/gain on revaluation of financial assets at fair value through profit or loss and derivatives (15) 30,480 - 20 60,393 (1,830) 89,048 2024 Investment banking RM’000 Stock broking RM’000 Listed derivatives RM’000 Asset and wealth management RM’000 Corporate and Others RM’000 Eliminations/ consolidation adjustments RM’000 Total RM’000 Assets Investments in associates - - - - 158,996 - 158,996 Investment in joint ventures - - - - 27,710 - 27,710 Additions to property, plant and equipment and intangible assets 522 5,424 51 9,094 21,330 - 36,421 Segment assets 3,754,116 2,320,030 731,685 490,095 724,749 (363,762) 7,656,913 Liabilities Segment liabilities 4,820,817 604,513 705,207 388,898 293,459 (273,823) 6,539,071
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