Kenanga Investment Bank Berhad Annual Report 2021 258 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 42. COMMITMENTS AND CONTINGENCIES In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions. As at reporting date, the commitment and contingencies are as follows: Group Bank 2021 Principal amount RM’000 2020 Principal amount RM’000 2021 Principal amount RM’000 2020 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 2,774,310 2,534,315 2,774,310 2,534,315 - foreign exchange related contracts 10,222 58,554 10,222 58,554 - equity exchange related contracts 148,840 158,546 148,840 158,546 Commitments to extend credit with maturity of more than 1 year: - equity exchange related contracts 247 520 247 520 Other commitments with an original maturity of less than 1 year: - corporate loans 50,742 60,050 124,242 107,550 Other commitments with an original maturity of more than 1 year: - corporate loans 55,275 98,851 61,275 118,851 - others - 5,500 - - Monies held in trust on behalf of client (Note 5) 1,249,679 1,257,682 1,249,679 1,257,682 Securities borrowing and lending 27,637 1,544 27,637 1,544 Derivative financial assets (Note 8): - dual currency investment - options 1,361 3,655 1,361 3,655 - equity related contracts - options 29,492 47,685 29,492 47,685 - equity related contracts - swap 24,123 31,216 24,123 31,216 - equity related contracts - forward 57,354 57,354 57,354 57,354 - index futures - 2,688 - 2,688 Derivative financial liabilities (Note 23): - dual currency investment - options 1,361 3,655 1,361 3,655 - equity related contracts - options 180,364 451,950 180,364 451,950 - equity related contracts - swaps 55,251 19,467 55,251 19,467 - equity related contracts - forward - 3,200 - 3,200 Capital commitment: - Authorised and contracted for 18,859 4,588 17,399 4,261 Investment in equity funds - - 24,991 35,981 4,685,117 4,801,020 4,788,148 4,898,674 Notes to the Financial Statements 31 December 2021
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