AL-SALAM REIT ANNUAL REPORT 2019

15. CASH AND CASH EQUIVALENTS Cash and cash equivalents included in the statements of cash flows comprise the following items: The Group The Fund 2019 2018 2019 2018 RM RM RM RM Fixed deposits with licensed banks 36,069,000 34,273,000 33,739,000 34,273,000 Cash and bank balances 8,422,103 12,489,624 8,297,805 10,071,233 44,491,103 46,762,624 42,036,805 44,344,233 Less: Restricted cash (124,298) (2,418,407) - - Pledged deposits with licensed banks (12,969,000) (10,273,000) (10,639,000) (10,273,000) 31,397,805 34,071,217 31,397,805 34,071,233 Deposits with licensed banks earn profit at rates ranging from 2.60% to 3.60% (2018: 2.70% to 3.60%) per annum and have maturity periods ranging from 13 days to 3 months (2018: 5 days to 3 months). The deposits with licensed banks of the Group and of the Fund amounting to RM12,969,000 and RM10,639,000 (2018: RM10,639,000 and RM10,273,000) respectively are placed as reserve for repayment of finance costs on long-term Islamic financing as mentioned in Note 17 and hence, are not available for general use. The Group has restricted cash which serve as reserve for prepayment of finance cost on Sukuk Ijarah amounting to RM124,298 (2018: RM2,418,407), which are not available for general use. 16. OTHER PAYABLES AND ACCRUED EXPENSES The Group The Fund 2019 2018 2019 2018 RM RM RM RM Non-current: Other payables - tenant deposits received 14,326,419 13,974,324 14,326,419 13,974,324 Current: Other payables 1,517,308 679,203 1,517,308 679,203 Income distribution 6,206,000 5,800,000 6,206,000 5,800,000 Accrued expenses 3,410,697 3,730,805 3,385,697 3,705,804 Accrued finance cost (Note 17) 1,594,826 1,441,582 718,194 553,401 12,728,831 11,651,590 11,827,199 10,738,408 AL-SALĀM REIT • 134 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) Notes To The Financial Statements