Al-`Aqar Healthcare REIT Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS 12. INVESTMENT IN SUBSIDIARIES The Fund 2018 2017 RM RM Unquoted shares, at costs 42,492,186 42,492,186 Less: Accumulated impairment losses (7,000,000) - 35,492,186 42,492,186 The movement in the accumulated impairment losses is as follows: The Fund 2018 2017 RM RM At beginning of year - - Allowance for impairment losses 7,000,000 - At end of year 7,000,000 - The details of the subsidiaries are as follows: Proportion of ownership interest and voting Country of power held by the Group Name of Subsidiary Incorporation 2018 2017 Principal Activity % % Al-`Aqar Capital Sdn Bhd ⁽ⁱ⁾ Malaysia 100 100 Special purpose company for the purpose of raising Islamic Financing for the Fund Al-Aqar Australia Pty Ltd ⁽ⁱⁱ⁾ Australia 100 100 Special purpose company for the purpose of acquisition of Australian property for the Fund (i) Audited by Deloitte PLT (ii) Audited by a firm other than Deloitte PLT Al-`Aqar Healthcare REIT • Annual Report 2018 130 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONTINUED)