Statements of Cash Flows For the year ended 31 December 2024 Group Fund 2024 2023 2024 2023 RM RM RM RM Cash flows from operating activities Profit before tax 5,532,009 21,883,609 5,258,893 21,643,263 Adjustments for: Finance costs on loan: - Finance costs charged by financing institution 38,407,075 34,550,046 38,407,075 34,550,046 - Imputed finance costs 2,089,535 1,942,197 2,089,535 1,942,197 Depreciation of equipment 175,989 204,893 175,989 204,893 Fair value loss/(gain) on investment properties 1,946,592 (12,582,560) 1,946,592 (12,582,560) Investment income (897,996) (935,781) (897,996) (935,781) Unbilled rental income (3,090,450) (3,229,641) (3,090,450) (3,229,641) Allowance for expected credit losses of trade receivables - 1,500,000 - 1,500,000 Operating profit before working capital changes 44,162,754 43,332,763 43,889,638 43,092,417 (Decrease)/Increase in: Trade receivables (3,397,446) 1,842,688 (3,397,446) 1,842,688 Other receivables and prepaid expenses 1,974,021 (1,206,499) 1,974,937 (1,217,669) Amount due from an immediate holding company - 6,436 - 6,436 Amount due from related companies 18,881 (384,242) 18,881 (384,242) Amount due from a subsidiary - - (1,702,943) - Increase/(Decrease) in: Other payables and accrued expenses 188,014 (2,476,000) 157,774 (2,468,153) Amount due to related companies (1,287,062) 1,462,510 (1,287,062) 1,462,510 Net cash generated from operating activities 41,659,162 42,577,656 39,653,779 42,333,987 192 AL-SALĀM REIT ANNUAL REPORT 2024
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