Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 140 12. Trade receivables, other receivables and prepaid expenses (cont’d) (a) Trade receivables (cont’d) Ageing analysis of trade receivables Group Fund 2020 2019 2020 2019 RM RM RM RM 1 to 30 days past due 2,396,024 3,230,724 1,342,841 2,178,899 31 to 60 days past due 2,046,442 1,948,878 964,035 884,450 61 to 90 days past due 1,281,364 1,812,923 187,377 761,356 More than 90 days past due 22,085,760 6,274,947 4,365,203 1,013,892 27,809,590 13,267,472 6,859,456 4,838,597 Subsequent to year end, the Group entered into a settlement agreement with a debtor. Both parties agreed that the outstanding rental of RM20,950,134 is to be paid by an advance sum of RM10,203,930 and remaining balance of RM10,746,204 through twenty fourth monthly instalments when they fall due starting April 2021. Subsequent to year end, the Fund entered into a settlement agreement with a debtor. Both parties agreed that the outstanding rental of RM4,616,954 is to be paid by the debtor through seven monthly instalments as and when they fall due starting January 2021. Movement in allowance for expected credit losses of trade receivables: Group Fund 2020 2019 2020 2019 RM RM RM RM At 1 January - - - - Derecognition of past lease receivables 9,801,166 - 8,423,133 - Written off (9,801,166) - (8,423,133) - At 31 December - - - - (i) Derecognition of past lease receivables In March 2020, the COVID-19 outbreak was declared a pandemic by the World Health Organisation. The rapid spread of ongoing COVID-19 pandemic throughout the country has a significant impact on the overall economy. During the year, the Group and the Fund provided COVID-19 related rental support of RM9,801,166 and RM8,423,133 respectively to its tenants. 13. Amount due from a subsidiary Amount due from a subsidiary represents unsecured advances given to a subsidiary from the proceeds raised from Islamic Financing and issuance of new units in previous years for the purpose of purchase of an investment property in Australia and profit sharing on the advances receivable from the subsidiary. It is non-trade, unsecured, non-interest bearing and repayable on demand. Notes to the Financial Statements For the Year Ended 31 December 2020