KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 226 KENANGA INVESTMENT BANK BERHAD 48. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (CONT’D.) The carrying amounts and the fair values of the financial assets and liabilities of the Group and the Bank are as follows (cont’d.): 2018 2017 Carrying amount Fair value Carrying amount Fair value Bank RM’000 RM’000 RM’000 RM’000 Financial assets Cash and bank balances 1,116,117 1,116,117 1,092,544 1,092,544 Financial assets at fair value through profit or loss 188,576 188,576 549,735 549,735 Financial investments at fair value through other comprehensive income (“FVOCI”) 1,661,676 1,661,676 - - Financial investments at amortised cost 121,256 125,156 - - Financial investments available-for-sale - - 1,010,167 1,010,167 Financial investments held-to-maturity - - 38,001 38,214 Derivative financial assets 71,992 71,992 67,393 67,393 Loans, advances and financing 1,975,765 1,973,758 2,180,080 2,179,330 Balances due from clients and brokers 296,323 296,323 494,883 494,883 Other assets 67,974 67,974 49,147 49,147 Statutory deposit with Bank Negara Malaysia 116,619 116,619 116,186 116,186 Financial liabilities Deposits from customers 4,613,788 4,613,788 4,278,148 4,278,148 Deposits and placements of banks and other financial institutions 95,016 95,016 210,762 210,762 Balances due to clients and brokers 221,083 221,083 416,960 416,960 Derivative financial liabilities 12,693 12,693 36,174 36,174 Other liabilities 220,934 220,934 184,997 184,997 Obligations on securities sold under repurchase agreements 83,067 83,067 74,993 74,993 Borrowings 77,800 72,908 69,000 69,380 Note: The fair values of the other assets and other liabilities, which are considered short term in nature, are estimated to approximate their carrying values.