KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 199 ANNUAL REPORT 2018 21. DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS Group and Bank 2018 2017 RM’000 RM’000 Licensed banks - 70,000 Licensed investment banks 50,000 - Other financial institutions 45,016 140,762 95,016 210,762 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Balances due to clients and brokers 481,932 624,612 221,083 416,960 Balances due to clients and brokers represent amounts payable in respect of outstanding contracts entered into on behalf of these clients where settlements have yet to be made. These balances are generally on 1 to 3 trading days (2017: 1 to 3 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2018 2017 RM’000 RM’000 At fair value Dual currency investment - Options 111 118 Equity related contracts - Options 12,559 36,056 Equity related contract - Swaps 23 - 12,693 36,174 Contract/Notional amount Dual currency investment - Options 13,636 18,114 Equity related contracts - Options 122,122 433,635 Equity related contract - Swaps 5,900 - 141,658 451,749 The contractual or underlying notional amounts of derivative financial liabilities held at fair value through profit or loss reflect the value of transactions outstanding as at reporting date, and do not represent amounts at risk.