AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 142 The Sukuk Ijarah Programme has a signiicant covenant in which the Group shall at all times, maintain the following Finance Service Cover Ratio (“FSCR”): (a) FSCR at Issuer level of not less than 1.5 times; and (b) FSCR at Al-Salām REIT level of not less than 1.5 times; and (c) such other inancial covenant(s) as may be determined by the Rating Agency and to be mutually agreed to by ALSREIT Capital Sdn Bhd. Reconciliation of liabilities arising from financing activities The table below details the changes in the Group’s and the Fund’s liabilities arising from inancing activities, including both cash and non-cash changes. Liabilities arising from inancing activities are those for which cash lows were, or future cash lows will be, classiied in the Group’s and the Fund’s statements of cash lows as cash lows from inancing activities. Non-current Current Total RM RM RM The Group 2018 Islamic Financing At beginning of year 348,273,412 3,100,000 351,373,412 Repayment (23,559,878) - (23,559,878) Net inancing cash lows 162,785,000 (3,100,000) 159,685,000 487,498,534 - 487,498,534 Non-cash changes Accruals of inance costs 22,076,860 - 22,076,860 Imputed inance cost 1,307,321 - 1,307,321 At end of year 510,882,715 - 510,882,715 Non-current Current Total RM RM RM The Fund 2018 Islamic Financing At beginning of year ` 348,273,412 3,100,000 351,373,412 Repayment (18,824,321) (3,100,000) (21,924,321) 329,449,091 - 329,449,091 Non-cash changes Accruals of inance costs 18,803,277 - 18,803,277 Imputed inance cost 894,012 - 894,012 At end of year 349,146,380 - 349,146,380