NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13. Amount due from subsidiaries Fund 2021 2020 RM RM Non-current Amount due from a subsidiary 99,147,701 99,147,701 Current Amount due from subsidiaries 24,464,889 17,078,522 123,612,590 116,226,223 Less: Allowance for expected credit losses (1,303,019) - 122,309,571 116,226,223 Movement in allowance for expected credit losses on amount due from subsidiaries: Fund 2021 2020 RM RM At 1 January - - Allowance for expected credit loss 1,303,019 - At 31 December 1,303,019 - Amount due from subsidiaries represents unsecured advances given to a subsidiary from the proceeds raised from Islamic Financing and issuance of new units in previous years for the purpose of purchase of an investment property in Australia and profit sharing on the advances receivable from the subsidiary. It is non-trade, unsecured, non-interest bearing and repayable on demand. 14. Cash and cash equivalents Cash and cash equivalents included in the statements of cash flows comprise the following items: Group Fund 2021 2020 2021 2020 RM RM RM RM Islamic fixed deposits with licensed banks 40,503,678 36,276,092 40,465,247 16,518,131 Cash and bank balances 49,337,838 46,396,739 29,809,806 31,395,992 89,841,516 82,672,831 70,275,053 47,914,123 Less: Restricted cash (6,885,761) (21,523,715) (6,885,761) (1,771,438) 82,955,755 61,149,116 63,389,292 46,142,685 GOVERNANCE STRUCTURE FINANCIAL REPORTS 179 AN PO STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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