13. Trade receivables, other receivables and prepaid expenses (cont'd.) (a) Trade receivables (cont'd.) (iii) Derecognition loss on lease receivables In March 2020, the COVID-19 outbreak was declared a pandemic by the World Health Organisation. The rapid spread of ongoing COVID-19 pandemic throughout the country has a significant impact on the overall economy. The Movement Control Order ("MCO") imposed by the Government of Malaysia has caused the reduction in the income generated by the Group's and the Fund's retail and food and beverages ("F&B") tenants. As at the date of the financial statements, Malaysia's international borders remain closed. In view of the ongoing COVID-19 pandemic, the Group and the Fund granted rent concession of RM9,527,577 (2020: RM13,404,632) to their tenants. (b) Other receivables and prepaid expenses Group Fund 2021 2020 2021 2020 RM RM RM RM Other receivables 4,617,722 4,427,153 4,617,458 4,426,661 Prepaid expenses 335,386 433,824 335,386 433,824 Other receivables and prepaid expenses 4,953,108 4,860,977 4,952,844 4,860,485 Group Fund 2021 2020 2021 2020 RM RM RM RM Total trade and non-trade receivables (non-current and current) 38,371,519 29,504,692 38,371,255 29,504,200 Less: Prepaid expenses (335,386) (433,824) (335,386) (433,824) Add: Amount due from immediate holding company (Note(c)) - 50,377 - 50,377 Amount due from related companies (Note (d)) 1,027,188 446,189 1,027,188 446,189 Fixed deposits with licensed banks 26,352,000 27,970,000 20,822,000 22,500,000 Cash and bank balances 9,804,187 6,340,983 9,734,366 6,329,870 Total financial assets carried at amortised cost (debt instruments) 75,219,508 63,878,417 69,619,423 58,396,812 (c) Amount due from immediate holding company Amount due from immediate holding company is non-trade, unsecured, interest-free and repayable on demand. (d) Amount due from related companies Amount due from related companies, which arose mainly from collections on behalf, is unsecured, interest-free and repayable on demand. Transactions with related parties are disclosed in Note 20. 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 1 166 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 (CONT’D)
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