KENANGA ANNUAL REPORT 2017

55. PRIOR YEAR RECLASSIFICATION (i) In prior years, the cash and bank balances comprised clearing fund witn Bursa Malaysia Derivatives Clearing House which was now reclassified to other assets due to the nature of the fund which is not readily convertible into cash. There was a reclassification of financial assets available-for-sale to financial assets at fair value through profit or loss to make the classification of the assets to be consistent with the subsidiary’s classification in the audited financial statements. To be consistent with the classification and regulatory treatment for structured products, the principal amount of the structured products received has been reclassified from deposits from customers to other liabilities. The impacts of the above reclassifications in the statements of financial position and statements of cash flow are as reconciled in Note (a) below. (ii) The interest income has been re-grossed to reflect the inclusion of interest-in-suspense in the provision of impairment on amounts due from clients and brokers. The impact in the statements of profit or loss and other comprehensive income and statements of cash flows are as reconciled in Note (b) below. (a) Reconciliation for the statements of financial position As at 31 December 2016 Previously stated RM’000 Increase/ (decrease) RM’000 As restated RM’000 Group Assets Cash and bank balances 1,229,928 (2,327) 1,227,601 Financial assets at fair value through profit or loss 381,588 6,660 388,248 Financial investments available-for-sale 944,364 (6,660) 937,704 Other assets 229,112 2,327 231,439 Liabilities Deposits from customers 3,310,070 (24,043) 3,286,027 Other liabilities 214,701 24,043 238,744 Bank Assets Cash and bank balances 951,748 (2,327) 949,421 Other assets 72,582 2,327 74,909 Liabilities Deposits from customers 3,379,620 (24,043) 3,355,577 Other liabilities 171,790 24,043 195,833 Kenanga Investment Bank Berhad 31 December 2017 226 notes to the financial statements