11. Equipment Group Fund 2024 2023 2024 2023 RM RM RM RM Cost At 1 January 1,819,808 1,549,014 1,819,808 1,549,014 Additions 168,565 270,794 168,565 270,794 At 31 December 1,988,373 1,819,808 1,988,373 1,819,808 Accumulated depreciation At 1 January 951,244 746,351 951,244 746,351 Charge for the year 175,989 204,893 175,989 204,893 At 31 December 1,127,233 951,244 1,127,233 951,244 Net carrying amount At 31 December 861,140 868,564 861,140 868,564 12. Investment in a subsidiary Fund 2024 2023 RM RM Unquoted shares, at cost 2 2 Details of the subsidiary are as follows: Name of subsidiary Principal activities Country of incorporation Proportion of ownership interest 2024 % 2023 % ALSREIT Capital Sdn Bhd Special purpose company for the purpose of raising Islamic Financing for the Fund Malaysia 100 100 Notes to the Financial Statements - 31 December 2024 220 AL-SALĀM REIT ANNUAL REPORT 2024
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