152 AL-SALAM REIT MANAGER'S REPORT (cont’d.) Other statutory information (cont’d.) (d) At the date of this report, the Manager is not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Fund which would render any amount stated in the financial statements misleading. (e) As at the date of this report, there does not exist: (i) any charge on the assets of the Group and of the Fund which has arisen since the end of the financial year which secures the liabilities of any other person; or (ii) any contingent liability in respect of the Group and of the Fund which has arisen since the end of the financial year. (f) In the opinion of the Manager: (i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which will or may affect the ability of the Group or of the Fund to meet their obligations when they fall due; and (ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Fund for the financial year in which this report is made. (g) For the financial year ended 31 December 2022, the net current liabilities of the Group was RM392,967,724 and unitholders’ fund of RM639,785,570. In the opinion of the Manager, the Group will be able to meet their obligations and liabilities as and when they fall due on the basis that the Group will be able to refinance their borrowings when it matures. As at the reporting date, the Group received proposal from financial institutions on the refinancing plan. As at the date of the financial statements, the Group is assessing the indicative issue term sheet and will finalise the refinancing plan by the maturity date in August 2023. Taking into consideration the viability of the refinancing plan, the Group is confident in materialising its refinancing plan. Auditors The auditors, Ernst & Young PLT, have expressed their willingness to continue in office. Auditors’ remuneration is as follows: Group Fund RM RM Audit fees - Current year 220,000 195,000 - Other service 50,000 50,000 270,000 245,000
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