NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 15. Payables (cont’d) Group Fund 2021 2020 2021 2020 RM RM RM RM Total payables (non-current and current) 34,088,253 18,374,759 33,734,866 13,407,932 Less: Deferred lease income (5,174,129) (5,570,199) (5,174,129) (5,570,199) Add: Amount due to a subsidiary - - - 555,233,358 Add: Islamic financing (Note 18) 683,876,967 683,587,255 683,876,967 109,069,690 Total financial liabilities carried at amortised costs 712,791,091 696,391,815 712,437,704 672,140,781 (a) Deferred lease income Deferred lease income relates to the excess of the principal amount of security deposits received over their fair value which is accounted for as prepaid lease income and amortised over the lease term on a straight line basis. (b) Amount due to the Trustee, the Manager and related companies Amount due to the Trustee, the Manager and related companies are non-trade, unsecured, non-interest bearing and repayable on demand. 16. Amount due to a subsidiary In the previous financial year, the amount due to a subsidiary represents unsecured advances received from the proceeds raised from Islamic Financing by the subsidiary and expenses. The finance costs and repayment terms of the unsecured advances mirror the finance costs and repayment terms of the Islamic financing of Sukuk Ijarah raised by the said subsidiary as disclosed in Note 18. Also, in the previous financial year, included in the amount due to a subsidiary are cash reserves retained by the subsidiary, the accrued profit from the cash reserves and expenses paid on behalf for the subsidiary totalling RM19,067,340 that are presented as net amount as there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously. 17. Deferred tax liabilities Group Fund 2021 2020 2021 2020 RM RM RM RM At 1 January 2,534,162 1,453,008 2,534,162 - Recognised in profit or loss (Note 7) (768,296) 1,052,958 (768,296) 2,534,162 Foreign exchange differences - 28,196 - - At 31 December 1,765,866 2,534,162 1,765,866 2,534,162 GOVERNANCE STRUCTURE FINANCIAL REPORTS 181 AN PO STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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