AL-SALAM REIT ANNUAL REPORT 2019

Note The Group The Fund 2019 2018 2019 2018 RM RM RM RM ASSETS Non-Current Assets Investment properties 11 1,187,635,000 1,092,686,000 1,187,635,000 1,092,686,000 Investment in subsidiary 12 - - 2 2 Equipment 13 930,577 895,143 930,577 895,143 Total Non-Current Assets 1,188,565,577 1,093,581,143 1,188,565,579 1,093,581,145 Current Assets Trade receivables 14 11,606,235 8,204,799 11,606,235 8,204,799 Other receivables and prepaid expenses 14 3,731,184 7,789,224 3,634,042 7,702,762 Amount owing by related companies 14 785,646 823,361 785,646 823,361 Fixed deposits with licensed banks 15 36,069,000 34,273,000 33,739,000 34,273,000 Cash and bank balances 15 8,422,103 12,489,624 8,297,805 10,071,233 Total Current Assets 60,614,168 63,580,008 58,062,728 61,075,155 Total Assets 1,249,179,745 1,157,161,151 1,246,628,307 1,154,656,300 LIABILITIES Current Liabilities Other payables and accrued expenses 16 12,728,831 11,651,590 11,827,199 10,738,408 Amount owing to related companies 16 513,948 1,080,530 513,948 1,080,530 Amount owing to a subsidiary 20 - - 160,303,801 - Islamic financing 17 511,531,837 - 349,486,991 - Total Current Liabilities 524,774,616 12,732,120 522,131,939 11,818,938 Non-Current Liabilities Other payables 16 14,326,419 13,974,324 14,326,419 13,974,324 Islamic financing 17 86,000,816 509,527,596 86,000,816 348,592,979 Amount owing to a subsidiary 20 - - - 159,317,928 Total Non-Current Liabilities 100,327,235 523,501,920 100,327,235 521,885,231 Total Liabilities 625,101,851 536,234,040 622,459,174 533,704,169 Net Asset Value 624,077,894 620,927,111 624,169,133 620,952,131 UNITHOLDERS’ FUND Unitholders’ capital 18 572,545,319 572,545,319 572,545,319 572,545,319 Undistributed income 51,532,575 48,381,792 51,623,814 48,406,812 Total Unitholders’ Fund 624,077,894 620,927,111 624,169,133 620,952,131 Number of units in circulation 18 580,000,000 580,000,000 580,000,000 580,000,000 Net Asset Value per unit (ex-distribution) 1.0760 1.0706 1.0762 1.0706 Statement of Financial Position AL-SALĀM REIT • 110 ANNUAL REPORT 2019 As of 31 December 2019 The accompanying Notes form an integral part of the Financial Statements.