FINANCIAL STATEMENT & OTHER INFORMATION 182 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 12. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Trade receivables Current Related companies 36,764,714 39,818,314 6,049,302 6,423,878 Unbilled rental income 13,914,594 11,549,755 13,914,594 11,549,755 50,679,308 51,368,069 19,963,896 17,973,633 Other receivables and prepaid expenses Other receivables 252,488 36,426 198,595 35,681 Prepayments 1,326,777 332,357 1,234,157 264,645 1,579,265 368,783 1,432,752 300,326 Total trade and non- trade receivables (non-current and current) 52,258,573 51,736,852 21,396,648 18,273,959 Add: Amount due from subsidiaries - - 93,769,390 123,476,062 Add: Islamic fixed deposits with licensed banks 53,418,702 31,062,276 53,377,698 31,022,410 Add: Cash and bank balances 33,894,960 53,264,350 22,524,725 37,346,010 Less: Prepayments (1,326,777) (332,357) (1,234,157) (264,645) Total financial assets at amortised costs (debt instruments) 138,245,458 135,731,121 189,834,304 209,853,796 (a) Trade receivables Trade receivables comprise rental receivable from lessees and unbilled rental income. Unbilled rental income consist of unbilled incremental lease rental receivable from KPJ Batu Pahat. The lease rental receivables from KPJ Batu Pahat is incremental by 10% every 3 years from the commencement date up to the term of 30 years. This rental income is recognised on straight-line basis over the lease term of 30 years. The credit period granted by the Group and the Fund on rental receivable from lessees ranges from 1 to 7 days (2023: 1 to 7 days). Ageing analysis of trade receivables Group Fund 2024 RM 2023 RM 2024 RM 2023 RM 1 to 30 days past due 2,157,481 2,905,745 2,105,369 2,387,663 31 to 60 days past due 358,228 1,242,090 308,207 709,048 61 to 90 days past due 271,775 746,006 221,411 200,000 More than 90 days past due 33,977,230 34,924,473 3,414,315 3,127,167 36,764,714 39,818,314 6,049,302 6,423,878 As at reporting date, the Group and the Company have no significant concentration of credit risk.
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