KENANGA ANNUAL REPORT 2020

223 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 24. OTHER LIABILITIES Note Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Interest/income payable 17,275 35,878 16,544 35,375 Retention for contra losses 17 17 17 17 Structured products 15,583 5,399 15,583 5,399 Treasury trade payables - 49,842 - 49,842 Accruals and provisions (i) 141,510 70,989 62,383 35,484 Amount held in trust on behalf of: - Dealer’s representatives 122,522 60,201 122,522 60,201 Securities borrowing and lending 1,657 3,040 1,657 3,040 Deposits and other creditors 144,691 84,975 141,927 79,400 Amount due to trustee 4,040 12,611 - - Amount due to subsidiaries - - 12 268 447,295 322,952 360,645 269,026 (i) Included in accruals and provisions, the movements in the provisions are as follows: Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 As at 1 January 18,624 17,163 14,804 12,932 Provision made, net 52,306 16,320 41,633 11,681 Utilisation (19,045) (14,859) (13,734) (9,809) As at 31 December 51,885 18,624 42,703 14,804 The nature of the provisions made above are for provision for annual leave, bonus, potential liabilities and directors’ fee.