KENANGA ANNUAL REPORT 2017

4. SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGMENTS (CONT’D.) (vii) Once a suitable method of valuation is selected, management makes certain assumptions concerning the future to estimate the recoverable amount of the investment. These assumptions and other key sources of estimation uncertainty at the reporting date may have a significant risk of causing material adjustment to the carrying amounts of the investments within the next financial year. Depending on the specific individual investment, assumptions made by management may include, amongst others, assumptions on expected future cash flows, revenue growth, discount rate used for purposes of discounting future cash flows which incorporates the relevant risks, and expected future outcome of certain past events. Investments in subsidiaries and associates of the Group are disclosed in Notes 14 and 15 respectively. 5. CASH AND BANK BALANCES Group Bank 2017 RM’000 2016 RM’000 Restated (Note 55) 2017 RM’000 2016 RM’000 Restated (Note 55) Cash and balances with banks and other financial institutions 279,972 146,195 126,640 79,704 Money at call and deposit placements 1,067,545 1,081,406 965,904 869,717 1,347,517 1,227,601 1,092,544 949,421 Included in cash and bank balances are: Cash and cash equivalents 1,143,077 1,041,684 1,032,060 891,414 Monies held in trust on behalf of dealer’s representatives and segregated funds for customers 204,440 185,917 60,484 58,007 1,347,517 1,227,601 1,092,544 949,421 Monies held in trust on behalf of clients of RM728,134,000 (2016: RM665,738,000) in respect of the stockbroking business are excluded from the cash and bank balances of the Group and the Bank in accordance with Financial Reporting Standards Implementation Committee (“FRSIC”) Consensus 18. Annual Report 2017 31 December 2017 121 notes to the financial statements