AL-SALAM REIT ANNUAL REPORT 2020

145 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 13. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES Group Fund 2020 2019 2020 2019 RM RM RM RM Trade receivables Non-current Third party (Note (a)) 2,809,590 - 2,809,590 - Current Third parties 9,545,998 2,328,661 9,545,998 2,328,661 Amount due from related companies 6,256,724 2,289,252 6,256,724 2,289,252 15,802,722 4,617,913 15,802,722 4,617,913 Less: Allowance for expected credit losses (3,457,908) - (3,457,908) - 12,344,814 4,617,913 12,344,814 4,617,913 Accrued percentage rent - 1,920,649 - 1,920,649 Unbilled rental income (Note (b)) 9,489,311 5,067,673 9,489,311 5,067,673 21,834,125 11,606,235 21,834,125 11,606,235 Trade receivables comprise rental receivable from lessees. The credit period granted by the Group and the Fund on rental receivable from lessees generally ranges from 1 to 7 days (2019: 1 to 7 days). (a) Trade receivables (non-current) D uring the year, the Fund entered into a settlement agreement with a customer. Both parties agreed that the outstanding rental of RM5,619,180 is to be paid by the customer through 24 monthly instalments as and when they fall due on 7th day of each month starting January 2021. (b) Unbilled rental income U nbilled rental income relate to the Group’s rights to recognise revenue. Rental income is recognised on a straight line basis including rent free period. Rental will be billed in accordance with the billing terms as set out in the tenancy agreements. The ageing analysis of the Group’s and of the Fund’s trade receivables is as follows: Group Fund 2020 2019 2020 2019 RM RM RM RM 1 to 30 days past due 7,508,573 3,140,630 7,508,573 3,140,630 31 to 60 days past due 1,183,193 729,888 1,183,193 729,888 61 to 90 days past due 1,160,659 725,553 1,160,659 725,553 90 to 365 days past due 2,492,389 21,842 2,492,389 21,842 Impaired 3,457,908 - 3,457,908 - 15,802,722 4,617,913 15,802,722 4,617,913