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 343 342 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (d) Statements of changes in Islamic banking funds For the financial year ended 31 December 2024 Group and Bank Non-distributable Distributable Total RM’000 Islamic banking fund RM’000 Fair value reserve RM’000 Regulatory reserve RM’000 ESS reserve RM’000 Capital reserve* RM’000 Retained profits RM’000 At 1 January 2024 120,000 1,183 2,654 6 5,248 75,515 204,606 Net profit for the financial year - - - - - 17,533 17,533 Other comprehensive loss for the financial year - (653) - - - - (653) Share based payment under ESS - - - (3) - (4) (7) Transfer to retained profits - - - (1) - 1 - Transfer from regulatory reserve - - (1,081) - - 1,081 - At 31 December 2024 120,000 530 1,573 2 5,248 94,126 221,479 At 1 January 2023 120,000 (301) 2,261 8 5,248 63,780 190,996 Net profit for the financial year - - - - - 12,131 12,131 Other comprehensive income for the financial year - 1,484 - - - - 1,484 Share based payment under ESS - - - (1) - (4) (5) Transfer to retained profits - - - (1) - 1 - Transfer to regulatory reserve - - 393 - - (393) - At 31 December 2023 120,000 1,183 2,654 6 5,248 75,515 204,606 * Capital reserve arose from the merger adjustment to reflect the capital restructuring as a result of the group internal reorganisation exercise. (e) Cash and bank balances Group and Bank 2024 RM’000 2023 RM’000 Current account with BNM and banks 18,214 16,287 Money at call and deposit placements with: Licensed banks 51,250 126,100 Domestic non-bank financial institutions 200,000 200,000 Bank Negara Malaysia 180,000 - 449,464 342,387 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (f) Financial assets at FVTPL Group and Bank 2024 RM’000 2023 RM’000 At fair value Unquoted securities in Malaysia: Funds 100,000 100,000 (g) Financial investments other than those measured at FVTPL Group and Bank 2024 RM’000 2023 RM’000 (i) Financial investments at Fair Value through Other Comprehensive Income (“FVOCI”): Money market instruments: Malaysian Government Investment Certificates 143,433 103,462 Negotiable Instruments of Deposits - 99,770 143,433 203,232 Debt instruments: Corporate Sukuk 41,238 61,615 Total financial investments at FVOCI 184,671 264,847 (ii) Financial investments at AC: Money market instruments: Malaysian Government Investment Certificates 49,966 39,310 Debt instruments: Corporate Sukuk 56,938 67,285 Total financial investments at AC 106,904 106,595 Total financial investments other than those measured at FVTPL 291,575 371,442
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