Kenanga Investment Bank Berhad Annual Report 2021 268 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 49. SEGMENTAL REPORTING The business segment results are prepared based on the Group’s internal management reporting, which reflect the organisation’s management reporting structure. The Group is organised into six major operating divisions. The division form the basis of which the Group reports its segment information. (i) Investment banking - Investment banking business, treasury and related financial services; (ii) Stockbroking - Dealings in securities and investment related services; (iii) Futures broking - Futures broker business; (iv) Money lending and financing - Money lending, Islamic factoring and leasing; (v) Investment and wealth management - Management of funds and unit trusts; and (vi) Corporate and others - Support services comprising all middle and back office functions costs that are not allocated out to business segments and include business operations conducted by the Group’s associates in the Kingdom of Saudi Arabia and Sri Lanka and joint venture company, Rakuten Trade Sdn Bhd. Except as indicated above, no operating segments have been aggregated to form the above reportable operating segments. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Group income taxes are managed on group basis and are not allocated to operating segments. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties. Notes to the Financial Statements 31 December 2021
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