216 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 11. OTHER ASSETS (CONT’D.) (a) Assets segregated for customers These represent margin deposits paid by a subsidiary company to Bursa Malaysia Derivatives Clearing Berhad. (b) Amounts due from subsidiary companies Included in the amount due from subsidiary companies is the term loan given to a subsidiary company, Kenanga Investors Berhad. The loan is unsecured and bears interest of 1.0% per annum above cost of funds. The tenure for the loan is 6 years from 5 July 2019. (c) Amounts due from related parties Amounts due from all related parties comprised of payments of expenses made on behalf of these related parties and are unsecured, non-interest bearing and repayable on demand. (d) Other debtors Included in other debtors are receivables from corporate advisory billings which are non-interest bearing and generally on 90 day (2021: 90 day) terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition. 12. STATUTORY DEPOSIT WITH BANK NEGARA MALAYSIA (“BNM”) The non-interest bearing statutory deposit is maintained with BNM in compliance with Section 26(2)(c) of the Central Bank of Malaysia Act 2009. The amount is determined as a set percentage of net eligible liabilities. 13. INVESTMENTS IN SUBSIDIARIES Bank 2022 RM’000 2021 RM’000 Unquoted shares: At cost 73,064 73,064 Less: Accumulated impairment losses (12,252) (12,252) 60,812 60,812
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