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 333 332 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (c) Liquidity risk (cont’d.) (ii) Maturity analysis of financial liabilities on an undiscounted basis (cont’d.) Bank 2024 Up to 1 month RM’000 >1 to 3 months RM’000 >3 to 6 months RM’000 >6 to 12 months RM’000 >1 year RM’000 Non specific maturity RM’000 Total RM’000 Financial liabilities Deposits from customers 2,172,110 1,096,740 406,026 280,681 - - 3,955,557 Deposits and placements of banks and other financial institutions 251,236 333,797 132,666 20,485 - - 738,184 Obligations on securities sold under repurchase agreements 69,555 - - - - - 69,555 Derivative financial liabilities 4,661 16,862 14,051 24,559 - - 60,133 Balances due to clients and brokers 360,633 - - - - - 360,633 Borrowings - - - - 268,926 - 268,926 Other liabilities balances 160,996 12,259 4,997 4,924 28,116 161,018 372,310 Total undiscounted financial liabilities 3,019,191 1,459,658 557,740 330,649 297,042 161,018 5,825,298 Bank 2023 Up to 1 month RM’000 >1 to 3 months RM’000 >3 to 6 months RM’000 >6 to 12 months RM’000 >1 year RM’000 Non specific maturity RM’000 Total RM’000 Financial liabilities Deposits from customers 2,165,012 980,627 377,387 272,153 15,661 - 3,810,840 Deposits and placements of banks and other financial institutions 334,180 - - - - - 334,180 Obligations on securities sold under repurchase agreements 97,416 - - - - - 97,416 Derivative financial liabilities 3,721 3,362 3,969 34,045 - - 45,097 Balances due to clients and brokers 344,719 - - - - - 344,719 Borrowings - - - - 268,951 - 268,951 Other liabilities balances 118,172 7,345 4,541 5,077 14,796 133,136 283,067 Total undiscounted financial liabilities 3,063,220 991,334 385,897 311,275 299,408 133,136 5,184,270 51. FINANCIAL RISK MANAGEMENT (CONT’D.) (d) Operational risk Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or resulting from external events. Operational risk is managed through an effective operational risk management framework which include development of policies, processes and procedures for managing operational risk in the Group, independent review of the risk management function by internal audit and oversight by the Management and Board of Directors. The operational risk management processes include identifying and assessing operational risks of the Group and operational risk loss data collection to track the factual information which can assist the organisation and business and support units to effectively understand where their real risks exist, identify control weaknesses, underlying causes and introduce controls to strengthen the weaknesses. Any actual, near-miss or potential losses from any operational risk loss events are to be reported to Management. 52. FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE MEASUREMENT The Group and the Bank use the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique: Level 1 - quoted (unadjusted) market prices in active for identical assets or liabilities. Level 2 - other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3 - techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.
RkJQdWJsaXNoZXIy NDgzMzc=