AL-SALAM REIT ANNUAL REPORT 2020

148 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 16. OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) Group Fund 2020 2019 2020 2019 RM RM RM RM Current Tenant deposit payables 5,624,357 7,143,850 5,624,357 7,143,850 Other payables 1,576,038 1,517,308 1,576,038 1,517,308 Income distribution - 6,206,000 - 6,206,000 Accrued expenses 4,583,010 3,410,697 4,553,010 3,385,697 Accrued financing cost (Note 17) 1,341,440 1,594,826 959,678 718,194 13,124,845 19,872,681 12,713,083 18,971,049 Add: Islamic financing 633,855,901 597,532,653 117,108,795 435,487,807 Amount due to related companies - 513,948 - 513,948 Amount due to a subsidiary - - 511,526,831 160,303,801 633,855,901 598,046,601 628,635,626 596,305,556 Total financial liabilities carried at amortised cost 655,927,064 625,101,851 650,295,027 622,459,174 Amount due to related companies, which arose mainly from management fee, collections and payments paid on behalf of the Fund, are unsecured, interest-free and repayable on demand. The transactions with related companies are disclosed in Note 20. 17. ISLAMIC FINANCING Group Fund 2020 2019 2020 2019 RM RM RM RM Non current Term Financing-i (“TF-i”) (Note (a)) 118,000,000 87,026,400 118,000,000 87,026,400 Sukuk Ijarah (Note (c)) 468,000,000 - - - 586,000,000 87,026,400 118,000,000 87,026,400 Less: Transaction cost (4,144,099) (1,025,584) (891,205) (1,025,584) 581,855,901 86,000,816 117,108,795 86,000,816 Current Commodity Murabahah Term Financing-i (“CMTF-i”) (Note (b)) - 350,000,000 - 350,000,000 Sukuk Ijarah (Note (c)) 52,000,000 162,785,000 - - 52,000,000 512,785,000 - 350,000,000 Less: Transaction cost - (1,253,163) - (513,009) 52,000,000 511,531,837 - 349,486,991 Total Islamic financing 633,855,901 597,532,653 117,108,795 435,487,807