126 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information DIRECTORS’ REPORT The Directors have pleasure in presenting their report together with the audited financial statements of Kenanga Investment Bank Berhad (“the Bank” or “KIBB”) and its subsidiaries (“the Group” or “Kenanga Group”) for the financial year ended 31 December 2022. PRINCIPAL ACTIVITIES The Bank is principally engaged in the investment banking business, provision of stockbroking and related financial services. The principal activities of the subsidiaries are described in Note 13 to the financial statements. There were no significant changes in the nature of the principal activities during the financial year. RESULTS Group RM’000 Bank RM’000 Profit after taxation and zakat 54,502 54,919 Share of results in associates and joint ventures 852 - Profit for the financial year 55,354 54,919 Attributable to: Equity holders of the Bank 54,511 54,919 Non-controlling interests 843 - 55,354 54,919 There were no material transfers to or from reserves or provisions during the financial year other than those that have been disclosed in the statements of profit or loss and other comprehensive income and the statements of changes in equity. In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature. DIVIDENDS During the financial year, an interim single tier dividend of 10.50 sen per ordinary shares on 733,906,299 ordinary shares in respect of the financial year ended 31 December 2021, which amounted to RM77,060,192 was paid on 15 April 2022. Subsequent to the financial year end, on 24 February 2023, the Directors have declared a single tier interim dividend of 6.00 sen per share in respect of the financial year ended 31 December 2022 which amounted to total dividends payable of approximately RM44,145,756. This is computed based on issued and paid-up capital as at 31 December 2022 of 735,762,599 ordinary shares. The actual amount of dividends to be paid will depend on the number of shares in issue at the date of entitlement. The financial statements for the current financial year do not reflect this interim dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2023.
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