AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 138 12. INVESTMENT IN SUBSIDIARY The Fund 2018 2017 RM RM Unquoted shares, at costs 2 - The details of the subsidiary are as follows: Proportion of ownership interest and voting power Name of Country of held by the Group Principal Subsidiary Incorporation 2018 2017 Activity % % ALSREIT Capital Sdn Bhd (i) Malaysia 100 - Special purpose company for the purpose of raising Islamic Financing for the Fund (i) Audited by Deloitte PLT 13. EQUIPMENT The Group The Fund 2018 2018 2017 RM RM RM Cost At 1 January 586,821 586,821 152,290 Additions 397,914 397,914 434,531 At 31 December 984,735 984,735 586,821 Accumulated Depreciation At 1 January (29,633) (29,633) (8,306) Charge for the year (59,959) (59,959) (21,327) At 31 December (89,592) (89,592) (29,633) Net Book Value At 31 December 895,143 895,143 557,188