190 AL-SALAM REIT 13. Trade receivables, other receivables and prepaid expenses (cont’d.) (a) Trade receivables (cont’d.) Movement in allowance for expected credit losses of trade receivables: Group and Fund 2022 RM 2021 RM At 1 January 5,169,756 3,457,908 Derecognition loss on lease receivables (Note (ii)) 142,646 9,527,577 Written off (2,813,593) (7,815,729) At 31 December 2,498,809 5,169,756 (i) 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. (ii) Derecognition loss on lease receivables During the financial year, the Group and the Fund derecognised past lease receivables of RM142,646 (2021: RM9,527,577) in respect of waiver of lease receivables and rental concessions given to tenants. Group Fund 2022 RM 2021 RM 2022 RM 2021 RM Other receivables 6,260,072 4,617,722 6,234,930 4,617,458 Prepaid expenses 146,839 335,386 146,839 335,386 Other receivables and prepaid expenses 6,406,911 4,953,108 6,381,769 4,952,844 NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (cont’d.)
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