251 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Transactions (cont’d.) Expenditure incurred (cont’d.): Incentive fees- management fees income - Subsidiary - - 1,920 1,658 Incentive fees- agent - Subsidiary - - 986 549 Service charge: - Subsidiary - - 921 1,017 Balances Amount due from: Loans, advances and financing: - Subsidiaries - - 70,000 56,500 Commitment receivables: - Subsidiaries - - 15 9 Other receivables: - Subsidiaries - - 30,581 29,716 Amount due to: Deposits and placements: - Subsidiaries (Note 20) - - 138,227 113,322 - Related company (Note 20) 264,897 200,000 264,897 200,000 - Other related party 90,666 75,800 90,666 75,800 - Key management personnel 1,438 232 1,438 232 Balances due to clients and brokers: - Key management personnel 73 90 73 90 Interest receivable on loan, advances and financing: - Subsidiaries - - 116 78 Interest payable on deposits: - Subsidiaries - - 499 263 - Related company 1,155 1,187 1,155 1,187 Deposit for Index trading - Subsidiaries - - 697 543 Other payables: - Subsidiaries - - 40 1
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