KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 182 KENANGA INVESTMENT BANK BERHAD 12. OTHER ASSETS (CONT’D.) 12.1 ECL allowance for other assets are as follows (cont’d.): An analysis of the allowance for impairment losses under MFRS 139 for other assets, for the financial year ended 31 December 2017 is as follows: Group Bank 2017 2017 RM’000 RM’000 At beginning of the financial year 3,605 3,605 Allowance made during the financial year (Note 34(ii)) 3,950 2,562 Allowance for impairment written back (Note 34(ii)) (2,815) (2,815) At end of the financial year 4,740 3,352 (a) Assets segregated for customers These represent margin deposits paid by a subsidiary to Bursa Malaysia Derivatives Clearing Berhad. (b) Amounts due from related parties Amounts due from all related parties comprise payments of expenses made on behalf of these related parties and are unsecured, non-interest bearing and repayable on demand. (c) Other debtors Included in other debtors are receivables from corporate advisory billings which are non-interest bearing and generally on 90 day (2017: 90 day) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. 13. STATUTORY DEPOSIT WITH BANK NEGARA MALAYSIA (“BNM”) The non-interest bearing statutory deposit is maintained with BNM in compliance with Section 26(2)(c) of the Central Bank of Malaysia Act 2009. The amount is determined as a set percentage of net eligible liabilities. 14. INVESTMENTS IN SUBSIDIARIES Bank 2018 2017 RM’000 RM’000 Unquoted shares: At beginning of the financial year 72,564 67,550 Add: Acquisition of shares in a subsidiary (Note (i)) - 5,514 Less: Impairment losses (2,136) (500) At end of the financial year 70,428 72,564 (i) In previous financial year, there was an acquisition of remaining 27% equity interest in Kenanga Futures Sdn Bhd.