KENANGA ANNUAL REPORT 2020

222 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 22. BALANCES DUE TO CLIENTS AND BROKERS Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Balances due to clients and brokers 720,665 537,393 405,191 304,880 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 2 trading days (2019: 1 to 2 trading days) term. 23. DERIVATIVE FINANCIAL LIABILITIES Group and Bank 2020 RM’000 2019 RM’000 At fair value Dual currency investment - Options 6 14 Equity related contracts - Options 135,291 13,402 Equity related contract - Swaps 2,095 - Equity related contract - Forward 88 - 137,480 13,416 Contract/notional amount Dual currency investment - Options 3,655 4,509 Equity related contracts - Options 451,950 72,413 Equity related contract - Swaps 19,467 - Equity related contract - Forward 3,200 - 478,272 76,922 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.