AL-SALAM REIT ANNUAL REPORT 2019

AL-SALĀM REIT • 131 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) Tenure Term of Remaining Date of 2019 2018 Fair value Description of property of land lease term of lease Location valuation Fair value Fair value hierarchy hh. Pizza Hut and KFC ###*** Leasehold 99 90 Hang Tuah 31.12.2019 8,700,000 8,700,000 3 Jaya, Melaka ii. KFC #*** Freehold - - Bandar Seri Alam, 31.12.2019 Johor Bahru 7,620,000 - 3 jj. KFC #*** Leasehold 991 892 Skudai, Johor 31.12.2019 7,900,000 - 3 kk. KFC #*** Freehold - - Georgetown, 31.12.2019 24,000,000 - 3 Penang ll. Pizza Hut and KFC #*** Freehold - - Kepala Batas, 31.12.2019 6,900,000 - 3 Penang Warehouse and factory mm. Warehouse ###** Freehold - - Simpang Ampat, 31.12.2019 1,600,000 1,600,000 3 Penang nn. Warehouse and factory #** Leasehold 99 78 Kota Kinabalu, 31.12.2019 3,000,000 3,000,000 3 Sabah oo. Warehouse ###** Leasehold 99 69 Pelabuhan Klang, 31.12.2019 47,398,000 47,291,000 3 Selangor pp. Warehouse and factory ###** Leasehold 99 69 Pelabuhan Klang, 31.12.2019 27,000,000 27,000,000 3 Selangor qq. Warehouse and factory ##** Freehold - - Shah Alam, 31.12.2019 59,052,000 57,098,000 3 Selangor rr. Warehouse #*** Leasehold 999 882 Kota Kinabalu, 31.12.2019 3,650,000 - 3 Sabah # The investment properties amounting to RM121,675,000 (2018: RMNil) are used to secure against Term Financing-I (“TF-i”) issued by the Fund as disclosed in Note 17. ## The investment properties amounting to RM718,852,000 (2018: RM718,898,000) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 17. ### The investment properties amounting to RM331,108,000 (2018: RM328,001,000) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by the subsidiary as disclosed in Note 17. #### Restaurant with drive-through facility: Pizza Hut and KFC Off Jalan Kepong, Kuala Lumpur, Nilai amounting of RM16,000,000 (2018: RM16,000,000) are used to secure against Commodity Murabahah Revolving Credit (“CMRC”). * Based on valuation carried out by independent professional valuer, Messrs. Cheston. ** Based on valuation carried out by independent professional valuer, Messrs. VPC Alliance (Kajang) Sdn Bhd. *** Based on valuation carried out by independent professional valuer, Messrs. IM Global Property Consultant Sdn Bhd. Notes To The Financial Statements