AL-SALAM REIT ANNUAL REPORT 2017

AL-SALĀM REIT ANNUAL REPORT 2017 123 Note 2017 2016 RM RM ASSETS Non-Current Assets Investment properties 11 927,470,000 922,090,000 Equipment 12 557,188 143,984 Total Non-Current Assets 928,027,188 922,233,984 Current Assets Trade receivables 13 4,523,787 3,824,210 Other receivables and prepaid expenses 13 8,745,852 3,116,344 Amount owing by related parties 20 2,392,790 1,566,792 Fixed deposits with licensed banks 14 32,415,000 41,085,000 Cash and bank balances 14 12,651,281 6,355,659 Total Current Assets 60,728,710 55,948,005 Total Assets 988,755,898 978,181,989 LIABILITIES Current Liabilities Other payables and accrued expenses 15 6,945,237 6,473,346 Amount owing to related parties 20 366,571 - Islamic financing - current 16 3,100,000 - Total Current Liabilities 10,411,808 6,473,346 Non-Current Liabilities Other payables 15 14,349,488 12,963,827 Islamic financing - Term loan 16 347,698,967 346,804,955 Total Non-Current Liabilities 362,048,455 359,768,782 Total Liabilities 372,460,263 366,242,128 Net Asset Value 616,295,635 611,939,861 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2017