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 285 284 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.): 2023 Investment banking RM’000 Stock broking RM’000 Listed derivatives RM’000 Asset and wealth management RM’000 Corporate and Others RM’000 Restated Eliminations/ consolidation adjustments RM’000 Total RM’000 Revenue External sales 179,462 368,648 22,511 244,952 5,483 - 821,056 - Interest income 135,313 128,738 12,988 6,767 3,194 - 287,000 - Fee income 28,993 181,509 9,431 237,783 306 - 458,022 - Trading and investment income 9,667 52,365 - 141 2,105 - 64,278 - Other operating income/(expense) 5,489 6,036 92 261 (122) - 11,756 Inter-segment sales 44,492 (60,168) 1,419 19,628 15,112 (20,483) - Total revenue 223,954 308,480 23,930 264,580 20,595 (20,483) 821,056 Result Net income 69,978 285,690 21,740 260,918 75,944 (62,017) 652,253 Other operating expenses (60,720) (290,011) (15,492) (188,275) (21,448) 6,142 (569,804) Credit loss (expense)/reversal (3,516) 18,054 - (13,973) (5,663) (428) (5,526) Bad debt recovered - 2,328 - - 2,591 - 4,919 Share of results in associates and joint ventures - - - - 6,268 - 6,268 Profit/(loss) before taxation and zakat 5,742 16,061 6,248 58,670 57,692 (56,303) 88,110 Taxation and zakat (15,359) Net profit for the financial year 72,751 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.): 2023 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 31,385 41,810 12,200 881 7,276 12,081 105,633 Depreciation and amortisation (881) (11,828) (451) (6,118) (9,543) 1,345 (27,476) Disposal of a subsidiary - - - - 3,099 (1,590) 1,509 Non cash items - Unrealised gain/(loss) on revaluation of financial assets at fair value through profit or loss and derivatives 321 (8,831) - 141 1,279 2,656 (4,434) 2023 Restated Investment banking RM’000 Stock Stock 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 - - - - 121,619 - 121,619 Investment in joint ventures - - - - 31,650 - 31,650 Additions to property, plant and equipment and intangible assets 1,850 1,771 69 6,055 10,366 - 20,111 Segment assets 3,160,805 2,390,883 484,167 349,604 574,338 (376,909) 6,582,888 Liabilities Segment liabilities 4,266,035 557,274 463,477 263,078 254,111 (292,062) 5,511,913
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