AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 103 REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS Opinion We have audited the inancial statements of AL-SALĀM REAL ESTATE INVESTMENT TRUST (“the Fund”), which comprise the statements of inancial position of the Group and of the Fund as at 31 December 2018, and the statements of proit or loss and other comprehensive income, statements of changes in equity and statements of cash lows of the Group and of the Fund for the year then ended, and notes to the inancial statements, including a summary of signiicant accounting policies and other explanatory information as set out on pages 107 to 158. In our opinion, the accompanying inancial statements of the Group and of the Fund give a true and fair view of the inancial position of the Group and of the Fund as at 31 December 2018, and of their inancial performance and their cash lows for the year then ended in accordance with applicable provisions of the Trust Deed dated 26 March 2015, Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Securities Commission Malaysia’s Guidelines on Real Estate Investment Trusts and Islamic Real Estate Investment Trusts (“SC Guidelines”). Basis for Opinion We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is suicient and appropriate to provide a basis for our opinion. Independence and Other Ethical Responsibilities We are independent of the Fund in accordance with the By-Laws (On Professional Ethics, Conduct and Practice) issued by the Malaysian Institute of Accountants (“By-Laws”) and the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (“IESBA Code”) and we have fulilled our other ethical responsibilities in accordance with the said By- Laws and the IESBA Code. Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most signiicance in our audit of the inancial statements for the current year. These matters were addressed in the context of our audit of the inancial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Independent Auditors’ Report To The Unitholders Of al-Salām Real Estate Investment Trust