AL-SALAM REIT ANNUAL REPORT 2019

12. INVESTMENT IN SUBSIDIARY The Fund 2019 2018 RM RM Unquoted shares, at costs 2 2 The details of the subsidiary are as follows: Proportion of ownership interest and voting power Name of Country of held by the Group Principal Subsidiary Incorporation 2019 2018 Activity % % ALSREIT Capital Sdn Bhd (i) Malaysia 100 100 Special purpose company for the purpose of raising Islamic Financing for the Fund (i) Audited by Deloitte PLT 13. EQUIPMENT The Group The Fund 2019 2018 2019 2018 RM RM RM RM Cost As of 1 January 984,735 586,821 984,735 586,821 Additions 175,645 397,914 175,645 397,914 As of 31 December 1,160,380 984,735 1,160,380 984,735 Accumulated Depreciation As of 1 January (89,592) (29,633) (89,592) (29,633) Charge for the year (140,211) (59,959) (140,211) (59,959) As of 31 December (229,803) (89,592) (229,803) (89,592) Net Book Value As of 31 December 930,577 895,143 930,577 895,143 14. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES The Group The Fund 2019 2018 2019 2018 RM RM RM RM Trade receivables: Third parties 2,328,661 2,426,289 2,328,661 2,426,289 Related companies 2,289,252 2,497,935 2,289,252 2,497,935 Accrued percentage rent 1,920,649 2,427,570 1,920,649 2,427,570 Unbilled rental income 5,067,673 853,005 5,067,673 853,005 11,606,235 8,204,799 11,606,235 8,204,799 AL-SALĀM REIT • 132 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) Notes To The Financial Statements