13. Trade receivables, other receivables and prepaid expenses (Cont’d) (a) Trade receivables (Cont’d) Movement in allowance for expected credit losses of trade receivables: Group and Fund 2024 2023 RM RM At 1 January 3,980,471 2,498,809 Allowance for expected credit loss - 1,500,000 Written off (24,540) (18,338) At 31 December 3,955,931 3,980,471 (i) Unbilled rental income Unbilled rental income relate to the Group’s rights to recognise revenue. Rental income is recognised on a straight line basis including rent free period. Rental will be billed in accordance with the billing terms as set out in the tenancy agreements. (b) Other receivables and prepaid expenses Group Fund 2024 2023 2024 2023 RM RM RM RM Non-current Deferred lease expenses 805,867 928,267 805,867 928,267 Current Other receivables 4,711,122 6,253,407 4,696,234 6,239,435 Deferred lease expenses 122,400 122,400 122,400 122,400 Prepaid expenses - 309,336 - 309,336 4,833,522 6,685,143 4,818,634 6,671,171 Notes to the Financial Statements - 31 December 2024 222 AL-SALĀM REIT ANNUAL REPORT 2024
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