249 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 35. BAD DEBTS RECOVERED/(WRITTEN OFF) Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Loans, advances and financing 9 506 9 506 Balances due from clients and brokers 110 37 110 37 Other debtors - (30) - - 119 513 119 543 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES In addition to the transactions detailed elsewhere in the financial statements, the Group and the Bank had the following transactions with related parties during the financial year. Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Transactions Income earned: Brokerage fees: - Key management personnel 5 1 5 1 - Related company 2,466 6,642 2,466 6,642 Rollover fees: - Related company 169 151 169 151 Corporate advisory fees: - Subsidiaries - - 137 117 Processing fees on loans, advances and financing: - Subsidiaries - - 172 89 Management fee income: - Subsidiary - - 17 38 Other income: - Subsidiary - - 1,300 74 Interest on loans, advances and financing: - Subsidiaries - - 4,639 4,895 - Related company 1,179 1,264 1,179 1,264
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