KENANGA ANNUAL REPORT 2017

14. INVESTMENT IN SUBSIDIARIES (CONT’D.) Name Principal activities Effective equity interest Non-controlling interest 2017 2016 2017 2016 % % % % Local subsidiary companies (cont’d.) The subsidiary companies of Kenanga Investors Berhad are: Kenanga Islamic Investors Berhad Management of Islamic collective investment schemes and Islamic investment funds 100 100 – – KUT Nominees (Tempatan) Sdn Bhd Dormant 100 100 – – KUT Nominees (Asing) Sdn Bhd Dormant 100 100 – – Kenanga Funds Berhad Dormant 100 100 – – Kenanga Capital Sdn Bhd Licensed money lender 100 100 – – The subsidiary company of Kenanga Capital Sdn Bhd is: Kenanga Capital Islamic Sdn Bhd Islamic factoring and leasing 100 100 – – Overseas subsidiary company Kenanga Singapore Pte. Ltd.* Dormant 100 100 – – * Audited by affiliate of Ernst & Young. (a) Summarised financial statements The summarised financial information of KF which has non-controlling interests before the acquisition of remaining interest in KF that are material to the Group is set out below. The summarised financial information presented below is the amount before inter-company elimination. Annual Report 2017 31 December 2017 131 notes to the financial statements