KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 220 KENANGA INVESTMENT BANK BERHAD 43. SIGNIFICANT SUBSEQUENT EVENTS There was no significant event subsequent to the financial year ended 31 December 2018. 44. OPERATING LEASE ARRANGEMENTS Operating lease payments represent rentals payable for the use of office equipment and premises. A summary of the non- cancellable operating leases contracted for as at reporting date but not recognised as liabilities and sublease receipts expected to be received under non-cancellable sublease are as follows: Group Bank 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Future minimum rental payable: Within one year 8,114 8,291 7,706 7,769 Between one and five years 6,372 6,660 6,171 6,423 14,486 14,951 13,877 14,192 Future minimum sublease receipts: Subsidiaries - - 2,945 3,116 External parties 4,458 5,106 4,458 5,106 4,458 5,106 7,403 8,222 45. DIVIDEND During the financial year, a final single tier dividend of 3.0 sen (2017: 2.25 sen) per ordinary share on 721,761,599 ordinary shares (2017: 722,546,999 ordinary shares) in respect of the financial year ended 31 December 2017 (2017: financial year ended 31 December 2016), which amounted to RM21,652,848 (2017: RM16,257,320) was paid on 31 May 2018 (2017: paid on 9 June 2017). Subsequent to financial year end, on 22 March 2019 the Directors declared an interim dividend in respect of the current financial year ended 31 December 2018 of 1.1 sen amounting to a dividend payable of approximately RM7,688,972. This is computed based on issued and paid-up capital as of 31 December 2018 of 698,997,499 ordinary shares. The financial statements for the current financial year do not reflect this interim dividend. Such dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2019.