KENANGA ANNUAL REPORT 2017

12. OTHER ASSETS (CONT’D.) Movements of allowance for impairment Group Bank 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 At beginning of the financial year 3,605 4,666 3,605 4,666 Allowance made during the financial year (Note 35) 3,950 3,134 2,562 3,134 Allowance for impairment written back (Note 35) (2,815) (3,919) (2,815) (3,919) Allowance for impairment losses written off against other assets – (276) – (276) At end of the financial year 4,740 3,605 3,352 3,605 (a) Assets segregated for customers This represents margin deposits paid by a subsidiary to Bursa Malaysia Derivatives Clearing Berhad. (b) Amount due from related parties Amounts due from all related parties comprise payments of expenses made on behalf of these related parties and are unsecured, non-interest bearing and repayable on demand. (c) Other debtors Included in other debtors are receivables from corporate advisory billings which are non-interest bearing and generally on 90 day (2016: 90 day) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. 13. 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. 14. INVESTMENT IN SUBSIDIARIES Bank 2017 RM’000 2016 RM’000 Unquoted shares, at cost At beginning of the financial year 67,550 59,860 Add: Acquisition of shares in a subsidiary (Note (i)) 5,514 – Less: Disposal of a subsidiary (Note (ii)) – (60) Add: Effect of merger accounting (Note (iii)) – 7,750 Less: Impairment losses (500) – At end of the financial year 72,564 67,550 Annual Report 2017 31 December 2017 129 notes to the financial statements