KENANGA ANNUAL REPORT 2017

1. CORPORATE INFORMATION The Bank is principally engaged in the investment banking business, provision of stockbroking and related financial services. The Bank is a public limited liability company incorporated and domiciled in Malaysia and is listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office of the Bank is located at Level 17, Kenanga Tower, 237, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan. The principal activities of the subsidiaries are described in Note 14. There have been no significant changes in the nature of the principal activities during the financial year. The financial statements of the Bank have been approved and authorised for issue in accordance with a resolution of the Board of Directors on 14 March 2018. 2. CHANGES IN ACCOUNTING POLICIES AND REGULATORY REQUIREMENT 2.1 New and amended Malaysian Financial Reporting Standards (“MFRSs”) adopted The accounting policies adopted are consistent with those of the previous financial year except for the adoption of the following amended MFRSs, which became effective for the Group and the Bank on 1 January 2017: – Amendments to MFRS contained in the documents entitled “Annual Improvements to MFRSs 2014-2016 Cycle”; – Amendments to MFRS 112: Recognition of Deferred Tax Assets for Unrealised Losses; – Amendments to MFRS 107: Statement of Cash Flows: Disclosure Initiative; and – Amendments to MFRS 12: Disclosure of Interests in Other Entities contained in the documents entitled “Annual Improvements to MFRSs 2014-2016 Cycle”. The adoption of the new and amended MFRSs did not have any significant impact on the financial position or performance of the Group and of the Bank. 2.2 Standards issued but not yet effective The following are new MFRSs, amended MFRSs and Interpretation Committee’s (“IC”) Interpretations issued by the Malaysian Accounting Standards Board (“MASB”) that will be effective for the Group and the Bank in future years. The Group and the Bank intend to adopt the relevant standards when they become effective. Annual Report 2017 97 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017