KENANGA ANNUAL REPORT 2019

310 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (t) Liquidity risk (cont’d.) Analysis of assets and liabilities by remaining contractual maturities (cont’d.) Group and Bank 2018 On demand RM’000 Up to 1 month RM’000 >1 to 3 months RM’000 >3 to 6 months RM’000 >6 to 12 months RM’000 >1 year RM’000 Non specific maturity RM’000 Total RM’000 Assets Cash and bank balances 1,644 418,500 - - - - - 420,144 Financial assets at FVTPL - - 19,861 - - - 100,000 119,861 Financial instruments at FVOCI - 549,174 - 15,013 20,191 190,088 - 774,466 Financial instruments at AC - - - - - 30,102 - 30,102 Financing and advances 15,035 7,793 - - 25,079 126,004 - 173,911 Balances due from clients and brokers - 929 - - - - - 929 Other assets 72 2,638 - 10 205 21,648 1,916 26,489 Others - - - - - - 89 89 Total assets 16,751 979,034 19,861 15,023 45,475 367,842 102,005 1,545,991 Liabilities Deposits from customers - 1,001,106 4,152 - 69,500 200,000 - 1,274,758 Balances due to clients and brokers - 1,712 - - - - - 1,712 Other liabilities balances - 1,067 32 - 868 5,878 110,624 118,469 Total liabilities - 1,003,885 4,184 - 70,368 205,878 110,624 1,394,939 Net maturity mismatch 16,751 (24,851) 15,677 15,023 (24,893) 161,964 (8,619) 151,052 53. PRIOR YEAR RECLASSIFICATION In previous years, the interest and profit income earned from the financial assets measured at FVTPL have been recorded as interest and profit income instead of under a separate line item as other operating income on the statements of profit or loss and other comprehensive income. Interest and profit income earned from financial assets measured at FVTPL in the financial year ended 31 December 2018 has been restated to be consistent with presentation in financial year ended 31 December 2019 and these resulted in reduction of interest and profit income and increase of other operating income by RM12.4 million respectively. The reclassification was the effect of the consequential amendment that MFRS 9 made to paragraph 82(a) of MASB 101. The MASB 101 requires separate presentation, interest or profit income calculated using the effective interest method, on the face of profit and loss statement. This implies that interest or profit income on those financial assets that are not measured at amortised cost or fair value through other comprehensive income (subject to the effect of applying hedge accounting to derivatives in designated hedge relationship) will no longer be included in interest.