FINANCIAL STATEMENT & OTHER INFORMATION SECTION 5 183 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 13. AMOUNT DUE FROM SUBSIDIARIES Fund 2024 RM 2023 RM Non-current Amount due from a subsidiary 99,147,701 99,147,701 Current Amount due from subsidiaries 33,772,317 32,602,186 132,920,018 131,749,887 Less: Allowance for expected credit losses (39,150,628) (8,273,825) 93,769,390 123,476,062 Movement in allowance for expected credit losses on amount due from a subsidiary: Fund 2024 RM 2023 RM At 1 January 8,273,825 1,303,019 Allowance for expected credit loss 30,876,803 6,970,806 At 31 December 39,150,628 8,273,825 Amount due from a subsidiary 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 BANK BALANCES Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Islamic fixed deposits with licensed banks 53,418,702 31,062,276 53,377,698 31,022,410 Cash and bank balances 33,894,960 53,264,350 22,524,725 37,346,010 Total cash and bank balances 87,313,662 84,326,626 75,902,423 68,368,420 Less: Islamic fixed deposits with licensed banks with maturity period of more than 3 months (41,004) (39,866) - - Cash and cash equivalents 87,272,658 84,286,760 75,902,423 68,368,420
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