Kenanga Investment Bank Berhad Annual Report 2021 250 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 35. BAD DEBTS RECOVERED/(WRITTEN OFF) Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Loans, advances and financing 506 1,316 506 1,316 Balances due from clients and brokers 37 145 37 145 Other debtors (30) (53) - (53) 513 1,408 543 1,408 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES In addition to the transactions detailed elsewhere in the financial statements, the Group and the Bank had the following transactions with related parties during the financial year. Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Transactions Income earned: Brokerage fees: - Key management personnel 1 19 1 19 - Related company 6,642 7,308 6,642 7,308 Rollover fees: - Related company 151 31 151 31 Corporate advisory fees: - Subsidiaries - - 117 117 Processing fees on loans, advances and financing: - Subsidiaries - - 89 423 Management fee income: - Subsidiary - - 38 86 Other income: - Subsidiary - - 74 87 - Related company - 265 - 265 Interest on loans, advances and financing: - Subsidiaries - - 4,895 6,195 - Related company 1,264 458 1,264 458 Group support services charged: - Subsidiaries - - 6,504 5,995 - Related company - - 174 84 Notes to the Financial Statements 31 December 2021
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