Al-`Aqar Healthcare REIT Annual Report 2018

The Group The Fund 2018 2017 2018 2017 Note RM RM RM RM Revenue 5 102,648,975 99,648,169 91,097,366 88,549,848 Property expenses 6 (6,039,514) (6,441,291) (5,934,798) (5,962,043) Gross profit 96,609,461 93,206,878 85,162,568 82,587,805 Investment revenue 7 2,031,968 2,272,257 10,927,032 11,167,321 Other income 510,841 1,557 510,841 1,557 Gain on fair value adjustment of investment properties 11 30,341,920 24,791,923 30,341,920 24,534,840 Total income 129,494,190 120,272,615 126,942,361 118,291,523 Expenditure: Finance costs: Islamic financing 30,129,128 27,033,850 145,182 - Amounts due to a subsidiary - - 31,424,193 27,956,928 Imputed finance cost 1,449,654 923,078 9,407 - Manager’s fees 1,674,718 2,196,079 1,674,718 2,196,079 Professional fees 304,503 707,770 284,503 687,769 Valuation fees 512,358 624,928 512,358 512,830 Trustee’s fees 273,226 266,224 273,226 266,224 Maintenance of property 1,160,893 746,391 1,160,893 746,391 Printing expenses 110,833 88,763 99,001 87,750 Secretarial fee 7,873 8,111 - - Securities Commission’s fees 100 100 100 100 Registrar’s fee 65,382 91,686 65,382 91,686 Audit fees 163,061 147,224 100,000 90,000 Tax agent’s fee 13,400 23,910 12,600 23,000 Administration expenses 436,893 359,909 168,507 221,539 Allowance for impairment loss in investment in subsidiaries 12 - - 7,000,000 - Annual listing fees 5,000 5,000 5,000 5,000 Withholding tax 889,506 889,506 889,506 889,506 Shariah adviser’s fee 6,000 6,000 6,000 6,000 Total expenditure (37,202,528) (34,118,529) (43,830,576) (33,780,802) Profit before tax 92,291,662 86,154,086 83,111,785 84,510,721 Al-`Aqar Healthcare REIT • Annual Report 2018 98 STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018