NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 13. Amount due from subsidiaries Fund 2023 2022 RM RM Non-current Amount due from a subsidiary 99,147,701 99,147,701 Current Amount due from subsidiaries 32,602,186 28,507,731 131,749,887 127,655,432 Less: Allowance for expected credit losses (8,273,825) (1,303,019) 123,476,062 126,352,413 Movement in allowance for expected credit losses on amount due from a subsidiary: Fund 2023 2022 RM RM At 1 January 1,303,019 1,303,019 Allowance for expected credit loss 6,970,806 - At 31 December 8,273,825 1,303,019 Amount due from a subsidiary represents unsecured advances given to a subsidiary from the proceeds raised from Islamic Financing and issuance of new units in previous years for the purpose of purchase of an investment property in Australia and profit sharing on the advances receivable from the subsidiary. It is non-trade, unsecured, non-interest bearing and repayable on demand. 14. Cash and bank balances Group Fund 2023 2022 2023 2022 RM RM RM RM Islamic fixed deposits with licensed banks 31,062,276 55,356,398 31,022,410 55,317,256 Cash and bank balances 53,264,350 40,774,756 37,346,010 22,979,202 Total cash and bank balances 84,326,626 96,131,154 68,368,420 78,296,458 Less: Islamic fixed deposits with licensed banks with maturity period of more than 3 months (39,866) (39,142) - - Cash and cash equivalents 84,286,760 96,092,012 68,368,420 78,296,458 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 210 FINANCIAL STATEMENTS 1 2 3 4 5
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