AL-SALAM REIT ANNUAL REPORT 2020

122 AL-SALĀM REIT STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 Group Fund 2020 2019 2020 2019 RM RM RM RM Cash flows from operating activities (Loss)/profit before tax (12,285,065) 36,152,644 (12,225,870) 36,218,863 Adjustments for: Islamic financing costs: Finance costs 26,882,588 31,636,851 26,882,588 31,636,851 Imputed finance costs 2,007,193 2,185,227 2,007,193 2,185,227 Depreciation of equipment 163,514 140,211 163,514 140,211 Fair value (loss)/gain on investment properties 31,261,883 (3,543,048) 31,261,883 (3,543,048) Investment income (451,867) (1,067,052) (451,867) (1,067,052) Unbilled rental income (4,421,638) (4,214,668) (4,421,638) (4,214,668) Allowance for expected credit losses of trade receivables 13,404,632 - 13,404,632 - Operating profit before working capital changes 56,561,240 61,290,165 56,620,435 61,356,384 (Increase)/decrease in: Trade receivables (22,020,474) 813,232 (22,020,474) 813,232 Other receivables and prepaid expenses (1,129,793) 803,742 (1,226,443) 814,422 Amount due from related companies 289,080 37,715 289,080 37,715 (Decrease)/increase in: Other payables and accrued expenses (4,818,567) 870,092 (4,735,701) 870,093 Amount due to related companies (513,948) (566,582) (513,948) (566,582) Net cash generated from operating activities 28,367,538 63,248,364 28,412,949 63,325,264 Cash flows from investing activities Income received from other investments 451,867 1,067,052 451,867 1,067,052 Purchase of equipment (110,033) (175,645) (110,033) (175,645) Additions to investment properties A (2,017,972) (1,125,254) (2,017,972) (1,125,254) Net cash used in investing activities (1,676,138) (233,847) (1,676,138) (233,847)