AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 140 15. CASH AND CASH EQUIVALENTS Cash and cash equivalents included in the statements of cash lows comprise the following items: The Group The Fund 2018 2018 2017 RM RM RM Deposits with licensed banks Cash and bank balances 34,273,000 34,273,000 32,415,000 12,489,624 10,071,233 12,651,281 46,762,624 44,344,233 45,066,281 Less: Pledged deposits with licensed banks (12,691,407) (10,273,000) (9,915,000) 34,071,217 34,071,233 35,151,281 Deposits with licensed banks earn proit at rates ranging from 2.70% to 3.60% (2017: 2.55% to 3.40%) per annum and have maturity periods ranging from 5 days to 3 months (2017: 4 days to 3 months). The deposits with licensed banks of the Group and of the Fund amounting to RM12,691,407 and RM10,273,000 (2017: RM9,915,000) respectively are placed as reserve for repayment of inance costs on long-term Islamic inancing as mentioned in Note 17 and hence, are not available for general use. 16. OTHER PAYABLES AND ACCRUED EXPENSES The Group The Fund 2018 2018 2017 RM RM RM Non-current: Other payables - tenant deposits received 13,974,324 13,974,324 14,349,488 Current: Other payables 5,757,258 5,757,258 924,471 Accrued expenses 3,730,805 3,705,804 5,446,321 Accrued inancing cost 1,441,582 553,401 574,445 10,929,645 10,016,463 6,945,237 Add : Islamic inancing - Non-current (Note 17) 509,527,596 348,592,979 347,698,967 Islamic inancing - Current (Note 17) - - 3,100,000 Amounts owing to related companies - Current 1,080,530 1,080,530 366,571 Amounts owing to a subsidiary - 159,317,928 - 510,608,126 508,991,437 351,165,538 Total inancial liabilities carried at amortised cost 535,512,095 532,982,224 372,460,263 Amounts owing to related companies, which arose mainly from management fee, collections and payments paid on behalf of the Fund, are unsecured, interest-free and repayable on demand. The transactions with related companies are disclosed in Note 20.