SECTION 09 pg. 286 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS - 31 December 2025 20. Significant related party transactions For the purposes of these have financial statements, related companies are considered to be related to the Group and the Fund if the Group and the Fund have the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the Fund and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. Significant related party transactions other than those separately disclosed elsewhere in the financial statements are as follows: Group Fund 2025 RM 2024 RM 2025 RM 2024 RM Rental income received/receivable from related companies 34,795,208 34,232,335 34,795,208 34,232,335 Other property management fees charged by related companies of the Manager (included in other operating expenses) 7,565,141 5,536,916 7,565,141 5,536,916 Finance cost paid/payable to a subsidiary - - 27,361,164 28,278,671 The related party transactions described above were entered into in the normal course of business and are based on negotiated and mutually agreed terms. 21. Fair values of financial instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. The carrying amount of the various financial assets and financial liabilities reflected in the statements of financial position approximate their fair values other than as disclosed below: Carrying amount RM Fair value RM Group At 31 December 2025 Financial liability at amortised cost Islamic financing - non-current 512,723,016 431,222,407 Islamic financing - current 117,974,998 116,712,008 630,698,014 547,934,415
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