S E C T I O N 6 F I N A N C I A L R E P O R T S 163 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 (CONT’D) 10. Investment properties (cont'd.) # The investment properties amounting to RM152,658,000 (2020: RM152,094,000) are used to secure against Term Financing-I (“TF-i”) issued by the Fund as disclosed in Note 17. ## The investment properties amounting to RM911,878,522 (2020: RM1,021,270,689) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by the subsidiary as disclosed in Note 17. ### The investment properties amounting to RM96,900,000 (2020: RMNil) are used to secure against Business FinancingI ("BF-I") issued by the Fund as disclosed in Note 17. #### Restaurant with drive-through facility: Pizza Hut and KFC Off Jalan Kepong, Kuala Lumpur amounting of RM15,800,000 (2020: RM16,000,000) are used to secure against Commodity Murabahah Revolving Credit (“CMRC”). * Based on valuation carried out by independent professional valuer, Messrs. Nawawi Tie Leung Property Consultant Sdn Bhd. 11. Equipment Group Fund 2021 2020 2021 2020 RM RM RM RM Cost At 1 January 1,270,413 1,160,380 1,270,413 1,160,380 Additions 3,500 110,033 3,500 110,033 At 31 December 1,273,913 1,270,413 1,273,913 1,270,413 Accumulated depreciation At 1 January (393,317) (229,803) (393,317) (229,803) Charge for the year (172,286) (163,514) (172,286) (163,514) At 31 December (565,603) (393,317) (565,603) (393,317) Net carrying amount At 31 December 708,310 877,096 708,310 877,096 12. Investments in a subsidiary Fund 2021 2020 RM RM Unquoted shares, at cost 2 2 Details of the subsidiary are as follows: Proportion of Name of Country of ownership interest subsidiary Principal activities incorporation 2021 2020 % % ALSREIT Special purpose company Malaysia 100 100 Capital for the purpose of raising Sdn Bhd Islamic Financing for the Fund
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