AL-SALAM REIT ANNUAL REPORT 2020

123 ANNUAL REPORT 2020 Group Fund 2020 2019 2020 2019 RM RM RM RM Cash flows from financing activities Decrease/(increase) in pledged deposits with licensed banks 7,499,000 (2,696,000) 10,639,000 (366,000) Decrease/(increase) in restricted cash 113,185 2,294,109 - - Income distributions paid (13,165,867) (32,595,861) (13,165,867) (32,595,861) Islamic financing costs paid (26,992,357) (31,483,607) (26,992,357) (31,483,607) Transaction cost paid (3,928,296) (1,206,570) (3,928,296) (1,206,570) Increase/(decrease) in amount due to a subsidiary - - 4,142,774 (112,807) Net drawdown in Islamic financing 7,215,000 - - - Net cash used in financing activities (29,259,335) (65,687,929) (29,304,746) (65,764,845) Net decrease in cash and cash equivalents (2,567,935) (2,673,412) (2,567,935) (2,673,428) Cash and cash equivalents at beginning of year 31,397,805 34,071,217 31,397,805 34,071,233 Cash and cash equivalents at end of year (Note 14) 28,829,870 31,397,805 28,829,870 31,397,805 Note A Addition to investment properties by the Group and the Fund during the financial year through the following: Group Fund Note 2020 2019 2020 2019 RM RM RM RM Payment by cash 2,017,972 1,125,254 2,017,972 1,125,254 Capitalisation of deposit for acquisition of properties 13 - 3,254,298 - 3,254,298 Proceeds from borrowing 17 30,973,600 87,026,400 30,973,600 87,026,400 32,991,572 91,405,952 32,991,572 91,405,952 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 (CONT’D)