KENANGA ANNUAL REPORT 2017

44. OPERATING LEASE ARRANGEMENTS Operating lease payments represent rentals payable for the use of office equipment and premises. A summary of the non- cancellable operating leases contracted for as at reporting date but not recognised as liabilities and sublease receipts expected to be received under non-cancellable sublease are as follows: Group Bank 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Future minimum rental payable: Within one year 8,291 9,942 7,769 9,442 Between one and five years 6,660 3,418 6,423 3,058 14,951 13,360 14,192 12,500 Future minimum sublease receipts: Subsidiaries – – 3,116 4,674 External parties 5,106 1,136 5,106 1,136 5,106 1,136 8,222 5,810 45. DIVIDEND During the financial year, a final single tier dividend of 2.25 sen per ordinary share on 722,546,999 ordinary shares in respect of the financial year ended 31 December 2016, which amounted to RM16,257,320 was paid on 9 June 2017. The Directors recommend a final dividend in respect of the current financial year ended 31 December 2017 of 3.00 sen on 722,546,999 ordinary shares, amounting to a dividend payable of RM21,676,410 to be proposed for shareholders’ approval at the forthcoming Annual General Meeting. The financial statements for the current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2018. Kenanga Investment Bank Berhad 31 December 2017 166 notes to the financial statements