260 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 45. DIVIDEND During the financial year, an interim single tier dividend of 10.50 sen (2021 interim single tier dividend: 8.80 sen) per ordinary share on 733,906,299 ordinary shares (2021: 729,698,099 ordinary shares) in respect of the financial year ended 31 December 2021, which amounted to RM77,060,192 (2021: RM64,213,435) was paid on 15 April 2022 (2021: 20 April 2021). 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 amounting 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 dividends will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2023. 46. OFFSETTING OF FINANCIAL INSTRUMENTS Financial assets and financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements are as follows: Gross amounts of recognised financial asset/ liability RM’000 Gross amounts of recognised financial asset/ liability set off in the statements of financial position RM’000 Net amounts of recognised financial assets presented in the statements of financial position RM’000 Related accounts not set off in the statements of financial position Group Financial instruments RM’000 Cash collateral received RM’000 Net amount RM’000 2022 Balances due from clients and brokers (Note 10) 856,151 (428,513) 427,638 2,919,653 174,399 - Balances due to clients and brokers (Note 22) 1,424,199 (691,490) 732,709 - - 732,709 2021 Balances due from clients and brokers (Note 10) 699,884 (365,419) 334,465 2,332,231 214,647 - Balances due to clients and brokers (Note 22) 1,296,683 (630,715) 665,968 - - 665,968
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