13. Trade receivables, other receivables and prepaid expenses (a) Trade receivables Group Fund 2021 2020 2021 2020 RM RM RM RM Non-current Third party (Note (i)) - 2,809,590 - 2,809,590 Current Third parties 11,873,475 9,545,998 11,873,475 9,545,998 Amount due from related companies 13,491,214 6,256,724 13,491,214 6,256,724 25,364,689 15,802,722 25,364,689 15,802,722 Less: Allowance for expected credit losses (5,169,756) (3,457,908) (5,169,756) (3,457,908) 20,194,933 12,344,814 20,194,933 12,344,814 Unbilled rental income (Note (ii)) 13,223,478 9,489,311 13,223,478 9,489,311 33,418,411 21,834,125 33,418,411 21,834,125 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 (2020: 1 to 7 days). (i) Trade receivables (non-current) In the previous financial 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. (ii) Unbilled rental income Unbilled 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: Allowance Total gross for carrying expected amount at credit default losses Total RM RM RM Group At 31 December 2021 1 to 30 days past due 4,396,892 (776,963) 3,619,929 31 to 60 days past due 3,147,348 (68,529) 3,078,819 61 to 90 days past due 2,165,760 (318) 2,165,442 90 to 120 days past due 2,623,660 (7,132) 2,616,528 More than 120 days pass due 13,031,029 (4,316,814) 8,714,215 25,364,689 (5,169,756) 20,194,933 A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 164 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 (CONT’D)
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