AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 139 14. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES The Group The Fund 2018 2018 2017 RM RM RM Trade receivables 2,426,289 2,426,289 1,753,686 Accrued percentage rent 2,427,570 2,427,570 2,770,101 4,853,859 4,853,859 4,523,787 Trade receivables comprise rental receivable from lessees. The credit period granted by the Group and the Fund on rental receivable from lessees ranges from 30 to 60 days (2017: 30 to 60 days). The ageing analysis of the Group’s and of the Fund’s trade receivables is as follows: The Group The Fund 2018 2018 2017 RM RM RM 0 - 30 days 2,642,683 2,642,683 3,789,287 31 - 60 days 359,046 359,046 214,633 61 - 90 days 31,732 31,732 - 91 - 120 days 1,820,399 1,820,399 519,867 4,853,859 4,853,859 4,523,787 The Group and the Fund have not recognised any allowance for doubtful debts as the Group and the Fund hold tenant deposits as credit enhancement and the amounts are considered recoverable. Other receivables and prepaid expenses consist of: The Group The Fund 2018 2018 2017 RM RM RM Other receivables 1,647,529 1,641,096 1,688,355 Unbilled revenue 853,005 853,005 - Prepaid expenses 1,599,052 1,519,023 1,647,497 Deposit for acquisition of properties 3,820,698 3,820,698 5,410,000 Other receivables and prepaid expenses 7,920,284 7,833,822 8,745,852 Less: Prepaid expenses (1,599,052) (1,519,023) (1,647,497) Deposit for acquisition of properties (3,820,698) (3,820,698) (5,410,000) Add: Trade receivables 4,853,859 4,853,859 4,523,787 Amounts owing by related companies 3,321,296 3,321,296 2,392,790 Fixed deposits with licensed banks 34,273,000 34,273,000 32,415,000 Cash and bank balances 12,489,624 10,017,233 12,651,281 Total loans and receivables 57,438,313 54,959,489 53,671,213 Deposits for acquisition of properties in 2018 represent deposits paid for the proposed acquisition of 22 properties acrossMalaysia by AmanahRaya Trustees Berhad (the “Trustee”). Amounts owing by related companies, which arose mainly from rental income receivable and collections, unsecured, interest-free and repayable on demand. Transactions with related parties are disclosed in Note 20.