238 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 24. OTHER LIABILITES Group Bank Note 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Interest/income payable 16,041 13,301 16,074 13,032 Retention for contra losses 16 17 16 17 Structured products 2,879 3,168 2,879 3,168 Treasury trade payables - 49,892 - 49,892 Accruals and provisions (i) 184,440 285,642 60,859 101,232 Amount held in trust on behalf of: - Dealer’s representatives 88,115 122,029 88,115 122,029 Securities borrowing and lending 11,635 28,867 11,635 28,867 Deposits and other creditors 63,226 70,783 69,109 65,923 Amount due to trustees 906 - - - Amount due to subsidiaries - - 40 1 367,258 573,699 248,727 384,161 (i) Included in accruals and provisions, the movements of provisions are as follows: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 As at 1 January 59,954 51,885 42,533 42,703 Provisions made, net 29,572 56,204 8,805 39,189 Utilisations (55,828) (48,135) (39,500) (39,359) As at 31 December 33,698 59,954 11,838 42,533 The nature of the provisions made above are for provision for annual leave, bonus, potential liabilities and directors’ fee.
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