KENANGA ANNUAL REPORT 2020

235 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Transactions (cont’d.) Expenditure incurred (cont’d.): Incentive fees - management fees income - Subsidiary - - 7,454 4,194 Incentive fees - agent (Kenwealth) - Subsidiary - - 1,802 2,785 Service charge: - Subsidiary - - 963 1,790 Rental of premises - Other related party 973 973 973 973 Balances Amount due from: Loans, advances and financing: - Subsidiaries - - 72,500 72,000 Commitment receivable: - Subsidiaries - - 10 17 Amount due to: Deposits and placements: - Subsidiaries (Note 20) - - 90,458 53,859 - Related company (Note 20) 54,816 51,466 54,816 51,466 - Other related party 263,500 33,000 263,500 33,000 - Key management personnel 226 190 226 190 Balances due to clients and brokers: - Key management personnel 227 323 227 323 Interest receivable on loan, advances and financing: - Subsidiaries - - 494 499