Al-`Aqar Healthcare REIT Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS 8. TAX (CONTINUED) Taxation of the Unitholders Pursuant to Section 109D(2) of the Malaysian Income Tax Act 1967, where 90% or more of the Real Estate Investment Trust’s (“REIT”) total taxable income is distributed by the REIT, distributions to unitholders (other than resident corporate investors) will be subject to tax based on a withholding tax mechanism at the following rates: Unitholders Tax rate Individuals and all other non-corporate investors such as institutional investors 10% Non-resident corporate investors 24% Resident corporate investors are required to report the distributions in their normal corporate tax return and subject to the normal corporate tax rate of 24%. 9. EARNINGS PER UNIT The gross and net earnings per unit, which are calculated based on the profit before tax and profit for the financial year of the Group and of the Fund, respectively, divided by the weighted average number of units in circulation as of 31 December 2018 and 2017, are as follows: The Group 2018 2017 RM RM Earnings attributable to unitholders: Profit before tax 92,291,662 86,154,086 Profit for the financial year 91,374,454 84,644,534 Weighted average number of units 728,885,419 728,226,468 Gross earnings per unit (sen) 12.66 11.83 Net earnings per unit (sen) 12.54 11.62 Al-`Aqar Healthcare REIT • Annual Report 2018 126 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONTINUED)