SECTION 09 pg. 280 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS - 31 December 2025 16. Other payables and accrued expenses Group Fund 2025 RM 2024 RM 2025 RM 2024 RM Non current Tenant deposit payables 5,677,759 5,697,759 5,677,759 5,697,759 Current Tenant deposit payables 9,409,228 8,598,205 9,409,228 8,598,205 Other payables 3,835,215 2,129,529 3,835,215 2,129,529 Accrued expenses 6,608,624 5,126,627 6,608,495 5,096,387 Accrued financing cost 2,754,715 3,898,066 932,132 1,093,120 22,607,782 19,752,427 20,785,070 16,917,241 Total payables (non-current and current) 28,285,541 25,450,186 26,462,829 22,615,000 Add: Islamic financing (Note 17) 630,698,014 639,778,034 177,757,426 187,526,884 Amount due to related companies (Note (a)) 2,010,424 1,406,791 2,010,424 1,406,791 Amount due to a subsidiary (Note (b)) - - 452,837,741 450,604,258 Total financial liabilities carried at amortised cost 660,993,979 666,635,011 659,068,420 662,152,933 (a) Amount due to related companies Amount due to related companies are non-trade, unsecured, interest-free and repayable on demand. (b) Amount due to a subsidiary Amount due to a subsidiary represents unsecured advances received from the proceeds raised from Islamic financing by the subsidiary. The finance costs and repayment terms of the unsecured advances mirror the finance costs and repayment terms of the Islamic financing of Sukuk Ijarah raised by the said subsidiary as disclosed in Note 17. The amount due to a subsidiary is unsecured, repayable on demand and bears returns of 5.82% to 6.35% (2024: 6.03% to 6.35%) per annum, that are presented as net amount as there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously.
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