KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 200 KENANGA INVESTMENT BANK BERHAD 24. OTHER LIABILITIES Group Bank 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Interest/income payable 35,902 23,000 35,563 22,465 Retention for contra losses 487 487 487 487 Structured products 37,222 46,961 37,222 46,961 Treasury trade payables 19,458 - 19,458 - Accruals and provisions (i) 64,374 74,571 37,871 37,353 Amount held in trust on behalf of: - Dealer’s representatives 62,544 60,484 62,544 60,484 Deposits and other creditors 67,929 101,688 64,476 74,328 Amount due to trustee 20,806 21,959 - - Amount due to: - subsidiaries - - 459 1,156 308,722 329,150 258,080 243,234 (i) The movements in the provisions are as follows: Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 As at 1 January 22,993 23,112 19,423 20,419 Provision made/reversal, net 14,090 22,338 9,312 18,126 Utilisation (19,920) (16,740) (15,803) (13,405) Reclassification/transfer out (Note 17) - (5,717) - (5,717) As at 31 December 17,163 22,993 12,932 19,423 The nature of the provisions made above are for provision for annual leave, bonus, potential liabilities and directors’ fee. 25. OBLIGATIONS ON SECURITIES SOLD UNDER REPURCHASE AGREEMENTS Group and Bank 2018 2017 RM’000 RM’000 Financial investments at FVOCI (Note 8) 83,067 - Financial investments available-for-sale (Note 8) - 74,993 83,067 74,993