AL-SALAM REIT ANNUAL REPORT 2017

126 AL-SALĀM REIT ANNUAL REPORT 2017 Note 2017 2016 RM RM CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES Profit before tax 40,605,632 46,667,408 Adjustments for: Islamic financing costs: Finance costs 17,577,304 17,923,685 Imputed finance costs 894,012 894,012 Depreciation of equipment 21,327 8,306 Fair value gain on investment properties (5,063,150) (10,630,000) Investment income (1,187,792) (943,064) Operating Profit Before Working Capital Changes 52,847,333 53,920,347 (Increase)/Decrease in: Trade receivables (699,577) (2,809,349) Other receivables and prepaid expenses (5,698,325) (1,396,200) Amount owing by related parties (825,998) 247,031 Increase/(Decrease) in: Other payables and accrued expenses 1,819,493 3,435,987 Amount owing to related parties 366,571 (535,630) Net Cash From Operating Activities 47,809,497 52,862,186 CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Income received from other investments 1,181,609 910,215 Purchase of equipment 12 (434,531) (152,290) Increase in pledged deposits with licensed banks 14 (330,000) (343,000) Addition to investment properties 11 (316,850) - Increase in goods and services tax recoverable - 8,270,315 Net Cash From/(Used In) Investing Activities 100,228 8,685,240 STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017