KENANGA ANNUAL REPORT 2019

214 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 24. OTHER LIABILITIES Group Bank Note 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Interest/income payable 35,878 35,902 35,375 35,563 Retention for contra losses 17 487 17 487 Structured products 5,399 37,222 5,399 37,222 Treasury trade payables 49,842 19,458 49,842 19,458 Accruals and provisions (i) 70,989 64,374 35,484 37,871 Amount held in trust on behalf of: - Dealer’s representative 60,201 62,544 60,201 62,544 Securities borrowing and lending 3,040 - 3,040 - Deposits and other creditors 84,975 67,929 79,400 64,476 Amount due to trustee 12,611 20,806 - - Amount due to subsidiaries - - 268 459 322,952 308,722 269,026 258,080 (i) Included in accruals and provisions, the movements in the provisions are as follows: Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 As at 1 January 17,163 22,993 12,932 19,423 Provision made, net 16,320 14,090 11,681 9,312 Utilisation (14,859) (19,920) (9,809) (15,803) As at 31 December 18,624 17,163 14,804 12,932 The nature of the provisions made above are for provision for annual leave, bonus, potential liabilities and directors’ fee. 25. OBLIGATIONS ON SECURITIES SOLD UNDER REPURCHASE AGREEMENTS Group and Bank 2019 RM’000 2018 RM’000 Financial investments at FVOCI (Note 7) - 83,067 - 83,067