AL-SALAM REIT ANNUAL REPORT 2020

144 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 11. INVESTMENTS IN A SUBSIDIARY Fund 2020 2019 RM RM Unquoted shares, at cost 2 2 Details of the subsidiary are as follows: Proportion of Country of ownership interest Name of subsidiary Principal activities incorporation 2020 2019 % % ALSREIT Capital Sdn Bhd Special purpose company for Malaysia 100 100 the purpose of raising Islamic Financing for the Fund 12. EQUIPMENT Group Fund 2020 2019 2020 2019 RM RM RM RM Cost At 1 January 1,160,380 984,735 1,160,380 984,735 Additions 110,033 175,645 110,033 175,645 At 31 December 1,270,413 1,160,380 1,270,413 1,160,380 Accumulated depreciation At 1 January (229,803) (89,592) (229,803) (89,592) Charge for the year (163,514) (140,211) (163,514) (140,211) At 31 December (393,317) (229,803) (393,317) (229,803) Net carrying amount At 31 December 877,096 930,577 877,096 930,577