KENANGA ANNUAL REPORT 2017

24. OTHER LIABILITIES Note Group Bank 2017 RM'000 2016 RM'000 Restated (Note 55) 2017 RM'000 2016 RM’000 Restated (Note 55) Interest/income payable 23,000 15,518 22,465 14,515 Retention for contra losses 487 487 487 487 Structured products 46,961 24,043 46,961 24,043 Accruals and provisions (i) 74,571 70,355 37,353 40,402 Amount held in trust on behalf of: – Dealer’s representatives 60,484 58,007 60,484 58,007 Deposits and other creditors 101,688 66,227 74,328 58,378 Amount due to trustee 21,959 4,107 – – Amount due to: – subsidiaries – – 1,156 1 329,150 238,744 243,234 195,833 (i) The movements in the provisions are as follows: Group Bank 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 As at 1 January 23,112 13,983 20,419 10,575 Provision made/reversal, net 22,338 20,339 18,126 17,816 Utilisation (16,740) (11,210) (13,405) (7,972) Reclassification/transfer out (Note 17) (5,717) – (5,717) – As at 31 December 22,993 23,112 19,423 20,419 The nature of the provisions made above are for provision for annual leave, bonus, potential liabilities and directors fee. 25. OBLIGATIONS ON SECURITIES SOLD UNDER REPURCHASE AGREEMENTS Group and Bank 2017 RM’000 2016 RM’000 Financial investments available-for-sale (Note 7) 74,993 27,253 Annual Report 2017 31 December 2017 149 notes to the financial statements