AL-SALAM REIT ANNUAL REPORT 2020

151 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 1 7. ISLAMIC FINANCING (CONT’D) Reconciliation of liabilities arising from financing activities (cont’d) 2020 2019 RM RM Fund At 1 January Islamic financing 435,487,807 348,592,979 Accrued finance costs 718,194 553,401 436,206,001 349,146,380 Repayment of: Finance costs (14,331,415) (22,436,286) Transaction costs (106,935) (1,206,570) Commodity Murabahah Revolving Credit-i through financing from a subsidiary company (350,000,000) - Net financing cash flows used for acquisition of investment properties 30,973,600 87,026,400 102,741,251 412,529,924 Non-cash changes Accruals of finance costs 14,572,899 22,601,079 Imputed finance cost 754,323 1,074,998 At 31 December 118,068,473 436,206,001 The total Islamic financing of the Group as of the end of the reporting period comprised of the following: 2020 2019 RM RM Islamic financing 117,108,795 435,487,807 Accrued finance costs (Note 16) 959,678 718,194 118,068,473 436,206,001 Fund Amount due to a subsidiary At 31 December 160,303,801 159,317,928 Proceed from issuance of Sukuk Ijarah 350,000,000 - Increase/(decrease) in amount due to a subsidiary company 4,142,774 (112,807) Repayment of: Transaction costs (3,821,361) - Finance costs (12,660,942) (9,047,321) 497,964,272 150,157,800 Non-cash changes Accruals of finance cost 12,309,689 9,035,772 Imputed finance cost 1,252,870 1,110,229 At 31 December 511,526,831 160,303,801