KENANGA ANNUAL REPORT 2017

Group Bank 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Balances Amount due from: Loans, advances and financing: – Subsidiary – – 35,500 71,500 Amount due to: Deposits and placements: – Subsidiary – – 44,234 49,550 – Key management personnel 511 – 511 – Balances due to clients and brokers: – Key management personnel 775 145 775 – Interest payable on deposits: – Subsidiary – – 101 84 Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial or operational decisions, or if one other party controls both. The related parties of the Bank are: (i) Subsidiaries Details of the subsidiaries are shown in Note 14. (ii) Associates Details of the associates are as disclosed in Note 15. (iii) Joint Venture Details of the joint venture are disclosed in Note 16. (iv) Other related parties Name Relationship CMS Capital Sdn Bhd Substantial shareholder of the Bank Cahya Mata Sarawak Berhad Holding company of a substantial shareholder of the Bank The directors are of the opinion that the above transactions were entered into in the normal course of business and have been established under terms that are no less favourable than those obtainable in transactions with unrelated parties. 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Kenanga Investment Bank Berhad 31 December 2017 158 notes to the financial statements