AL-SALAM REIT ANNUAL REPORT 2019

AL-SALĀM REIT • 137 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) Revolving Credit Facilities As of 31 December 2019, the Fund has unutilised revolving credit facilities amounting to RM10,000,000 (2018: RM10,000,000) which is granted from a financial institution. The said facility is secured by investment properties amounting to RM16,000,000 as mentioned in Note 11. Reconciliation of liabilities arising from financing activities The table below details the changes in the Group’s and the Fund’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s and the Fund’s statements of cash flows as cash flows from financing activities. 2019 2018 RM RM The Group Islamic Financing Islamic Financing 509,527,596 350,798,967 Accrued finance costs (Note 16) 1,441,582 574,445 Prepayment for sukuk (Note 14) (86,463) - Total Islamic financing at beginning of year 510,882,715 351,373,412 Repayment of: Finance costs (31,483,607) (21,209,723) Transaction costs (1,206,570) (2,350,155) Net financing cash flows: Acquisition of investment properties 87,026,400 151,854,891 Proceed in Islamic Financing - 7,830,109 565,218,938 487,498,534 Non-cash changes Accruals of finance costs 31,636,851 22,076,860 Imputed finance cost 2,185,227 1,307,321 At end of year 599,041,016 510,882,715 The total Islamic Financing of the Group as of the end of the reporting period comprised of the following: 2019 2018 RM RM Islamic Financing 597,532,653 509,527,596 Accrued finance costs (Note 16) 1,594,826 1,441,582 Prepayment for sukuk (86,463) (86,463) 599,041,016 510,882,715 Notes To The Financial Statements