KENANGA ANNUAL REPORT 2019

241 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 48. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The carrying amounts and the fair values of the financial assets and liabilities of the Group and the Bank are as follows: Group 2019 2018 Carrying amount RM’000 Fair value RM’000 Carrying amount RM’000 Fair value RM’000 Financial assets Cash and bank balances 2,063,057 2,063,057 1,351,260 1,351,260 Financial assets at fair value through profit or loss (“FVTPL”) 328,680 328,680 189,224 189,224 Financial investments at fair value through other comprehensive income (“FVOCI”) 795,081 795,081 1,661,676 1,661,676 Financial investments at amortised cost (“AC”) 112,756 117,673 121,256 125,156 Derivative financial assets 65,174 65,174 71,992 71,992 Loans, advances and financing 2,064,674 2,064,990 2,004,915 2,002,626 Balances due from clients and brokers 280,357 280,357 296,323 296,323 Other assets, excluding prepayments 182,407 182,407 157,207 157,207 Statutory deposit with Bank Negara Malaysia 99,164 99,164 116,619 116,619 Financial liabilities Deposits from customers 4,065,494 4,065,494 4,562,104 4,562,104 Deposits and placements of banks and other financial institutions 650,718 650,718 95,016 95,016 Balances due to clients and brokers 537,393 537,393 481,932 481,932 Derivative financial liabilities 13,416 13,416 12,693 12,693 Other liabilities, excluding deposits 283,739 283,739 260,541 260,541 Obligations on securities sold under repurchase agreements - - 83,067 83,067 Borrowings 96,600 92,144 119,300 114,409