KENANGA ANNUAL REPORT 2020

250 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 48. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The carrying amounts and the fair values of the financial assets and liabilities of the Group and the Bank are as follows: 2020 2019 Group Carrying amount RM’000 Fair value RM’000 Carrying amount RM’000 Fair value RM’000 Financial assets Cash and bank balances 1,644,534 1,644,534 2,063,057 2,063,057 Financial assets at fair value through profit or loss 543,539 543,539 328,680 328,680 Financial investments at fair value through other comprehensive income 771,732 771,732 795,081 795,081 Financial investments at amortised cost 193,035 202,215 112,756 117,673 Derivative financial assets 95,571 95,571 65,174 65,174 Loans, advances and financing 1,869,249 1,867,339 2,064,674 2,064,990 Balances due from clients and brokers 545,057 545,057 280,357 280,357 Other assets, excluding prepayments and deposits 168,868 168,868 182,407 182,407 Statutory deposit with Bank Negara Malaysia 58,398 58,398 99,164 99,164 Financial liabilities Deposits from customers 2,952,385 2,914,302 4,065,494 4,065,494 Deposits and placements of banks and other financial institutions 1,066,085 1,066,085 650,718 650,718 Balances due to clients and brokers 720,665 720,665 537,393 537,393 Derivative financial liabilities 137,480 137,480 13,416 13,416 Other liabilities, excluding deposits 307,765 307,765 283,739 283,739 Borrowings 175,400 154,413 96,600 92,144