188 AL-SALAM REIT 11. Equipment Group Fund 2022 RM 2021 RM 2022 RM 2021 RM Cost At 1 January 1,273,913 1,270,413 1,273,913 1,270,413 Additions 275,101 3,500 275,101 3,500 At 31 December 1,549,014 1,273,913 1,549,014 1,273,913 Accumulated depreciation At 1 January (565,603) (393,317) (565,603) (393,317) Charge for the year (180,748) (172,286) (180,748) (172,286) At 31 December (746,351) (565,603) (746,351) (565,603) Net carrying amount At 31 December 802,663 708,310 802,663 708,310 12. Investment in a subsidiary Fund 2022 RM 2021 RM Unquoted shares, at cost 2 2 Details of the subsidiary are as follows: Proportion of ownership interest Name of subsidiary Principal activities Country of incorporation 2022 % 2021 % ALSREIT Capital Sdn Bhd Special purpose company for the purpose of raising Islamic Financing for the Fund Malaysia 100 100 NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (cont’d.)
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