Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 142 15. Other payables (cont’d) The Group The Fund 2020 2019 2020 2019 RM RM RM RM Total payables (non-current and current) 18,374,759 30,950,003 13,407,932 25,880,741 Less: Deferred lease income (5,570,199) - (5,570,199) - Add: Amount due to a subsidiary - - 555,233,358 555,577,717 Add: Islamic financing (Note 18) 683,587,255 683,435,584 109,069,690 109,136,526 Total financial liabilities carried at amortised costs 696,391,815 714,385,587 672,140,781 690,594,984 (a) Deferred lease income Deferred lease income relates to the excess of the principal amount of security deposits received over their fair value which is accounted for as prepaid lease income and amortised over the lease term on a straight line basis. (b) Amount due to the Trustee, the Manager and related companies Amount due to the Trustee, the Manager and related companies are non-trade, unsecured, non-interest bearing and repayable on demand. 16. Amount due to a subsidiary Amount due to a subsidiary represents unsecured advances received from the proceeds raised from Islamic Financing by the subsidiary and expenses. 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 18. Also included in the amount due to a subsidiary are cash reserves retained by the subsidiary, the accrued profit from the cash reserves and expenses paid on behalf for the subsidiary totalling RM19,067,340 (2019: RM18,721,341) 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. 17. Deferred tax liabilities Group Fund 2020 2019 2020 2019 RM RM RM RM At 1 January 1,453,008 1,963,268 - - Recognised in profit or loss (Note 7) 1,052,958 (13,724) 2,534,162 - Recognised in other comprehensive income - (469,198) - - Foreign exchange differences 28,196 (27,338) - - At 31 December 2,534,162 1,453,008 2,534,162 - Notes to the Financial Statements For the Year Ended 31 December 2020