KENANGA ANNUAL REPORT 2020

217 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 18. RIGHT-OF-USE ASSETS (CONT’D.) Bank Building RM’000 2020 RM’000 2019 Cost At 1 January 32,609 23,843 Additions 6,578 8,795 Derecognition (8,323) (29) At 31 December 30,864 32,609 Accumulated depreciation At 1 January 8,864 - Amortisation for the financial year (Note 33) 7,337 8,893 Derecognition (6,673) (29) At 31 December 9,528 8,864 Net carrying amount At 31 December 21,336 23,745 19. DEFERRED TAXATION Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 At 1 January 2,265 6,532 (657) 3,666 Acquisition of a subsidiary - (133) - - Recognised in profit or loss (Note 40) 13,265 (1,504) 10,782 (1,693) Recognised in other comprehensive income (1,403) (2,630) (1,403) (2,630) At end of the financial year 14,127 2,265 8,722 (657) Deferred tax assets 14,283 2,955 8,722 - Deferred tax liabilities (156) (690) - (657) 14,127 2,265 8,722 (657)