236 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 11. OTHER ASSETS (CONT’D.) (a) Assets segregated for customers These represent margin deposits paid by a subsidiary to Bursa Malaysia Derivatives Clearing Berhad. (b) Amounts due from subsidiaries Included in the amount due from subsidiaries is a term loan of RM30.0 million to a subsidiary, Kenanga Investors Berhad. The loan is unsecured and bears interest of 1.0% (2024: 1.0%) per annum above cost of funds. The tenure for the loan is 6 years from 1 July 2025. (c) Amounts due from related companies Amounts due from all related companies comprised of payments of expenses made on behalf of these related companies and are unsecured, non-interest bearing and repayable on demand. (d) Other debtors Included in other debtors are receivables from corporate advisory billings which are non-interest bearing and generally on 30 day (2024: 30 day) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. 12. STATUTORY DEPOSIT WITH BANK NEGARA MALAYSIA (“BNM”) The non-interest bearing statutory deposit is maintained with BNM in compliance with Section 26(2)(c) of the Central Bank of Malaysia Act 2009. The amount is determined as a set percentage of net eligible liabilities.
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