S E C T I O N 6 F I N A N C I A L R E P O R T S 171 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 (CONT’D) 17. Islamic financing (cont'd.) Revolving credit: (cont’d) Changes in liabilities arising from financing activities: (cont’d) Non-current Current Total RM RM RM Fund At 1 January 2021 117,108,795 - 117,108,795 Cash flows 67,995,287 - 67,995,287 Charged to profit or loss 1,565,096 - 1,565,096 At 31 December 2021 186,669,178 - 186,669,178 At 1 January 2020 86,000,816 349,486,991 435,487,807 Cash flows 29,542,883 (350,000,000) (320,457,117) Charged to profit or loss 1,565,096 513,009 2,078,105 At 31 December 2020 117,108,795 - 117,108,795 18. Unitholders' capital No. of units 2021 2020 2021 2020 RM RM Group and Fund Unitholders' capital 580,000,000 580,000,000 572,545,319 572,545,319 The Fund issued 580,000,000 units of RM1 each in conjunction with the Fund’s Initial Public Offering (“IPO”) on the Main Market of Bursa Malaysia on 29 September 2015 of which 327,640,000 units of RM1 each were issued to vendors of the Fund’s investment properties to partially finance the acquisition of the said investment properties. The remaining 252,360,000 units of RM1 each were issued as part of the IPO to institutional investors and the Malaysian public. Details of units held by the related companies of the Manager which comprise companies related to Johor Corporation, a body corporate established under the Johor Corporation Enactment No. 4, 1968 (as amended by the Enactment No. 5, 1995), and substantial unitholders of the Fund, and their market value as of 31 December 2021 based on the Record of Depositors are as follows: No. of units 2021 2020 2021 2020 RM RM Group and Fund Related companies: Johor Corporation 24,436,600 24,436,600 11,851,751 13,440,130 Damansara Assets Sdn Bhd 278,539,417 278,539,417 135,091,617 153,196,679 Kulim (Malaysia) Berhad 27,060,600 27,060,600 13,124,391 14,883,330 Johor Land Berhad 1,499,500 1,499,500 727,258 1,100,000 KPJ Healthcare Berhad 2,000,000 2,000,000 970,000 824,725 Kumpulan Bertam Plantations Berhad 296,000 296,000 143,560 162,800 Tenaga Utama (Johor) Berhad 7,688 7,688 3,729 4,228 Market value for purposes of disclosure above is based on the closing price of the Fund as shown on the board of the Main Market of Bursa Malaysia, which was RM0.49 per unit as at 31 December 2021 (2020: RM0.55 per unit).
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