Kenanga Investment Bank Berhad Annual Report 2021 226 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 15. INVESTMENT IN A JOINT VENTURE COMPANY Group Bank 2021 RM'000 2020 RM'000 2021 RM'000 2020 RM'000 Unquoted shares At beginning of the financial year 40,000 40,000 40,000 40,000 Cumulative share of results (8,031) (15,281) - - At the end of financial year 31,969 24,719 40,000 40,000 (a) The summarised income and expenses of the joint venture company are as follows: Group 2021 RM'000 2020 RM'000 Revenue 59,194 56,501 Profit after taxation 14,500 17,616 (b) The summarised assets and liabilities of the joint venture company are as follows: Group 2021 RM'000 2020 RM'000 Total assets 539,226 648,321 Total liabilities 475,288 598,882 (c) Details of the joint venture company held by the Bank are as follows: Name Percentage (%) of equity held Principal activities 2021 2020 Rakuten Trade Sdn Bhd 50 50 Dealing in securities restricted to listed securities and investment advice Notes to the Financial Statements 31 December 2021
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