STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 The Group The Fund Note 2021 2020 2021 2020 RM RM RM RM Revenue 4 114,072,501 115,710,279 104,245,507 103,918,211 Property expenses 5 (5,850,628) (6,096,053) (5,840,129) (5,943,869) Gross profit 108,221,873 109,614,226 98,405,378 97,974,342 Investment revenue 6 623,104 1,011,305 7,382,380 8,868,611 Realised gain on foreign exchange 11,182 - 11,182 - Unrealised gain on foreign exchange - 736,084 - 736,084 Other income 532,331 1,414,273 532,303 1,414,273 Fair value adjustment of investment properties 5,536,199 (47,772,461) 5,536,199 (5,423,801) Total income 114,924,689 65,003,427 111,867,442 103,569,509 Expenditure Finance costs: Islamic financing 26,437,736 34,791,725 16,658,697 4,382,605 Amount due to a subsidiary - - 10,328,925 30,629,294 Transaction cost 18 1,567,034 462,365 1,017,149 242,192 Manager’s fees 1,845,342 1,837,356 1,845,342 1,837,356 Professional fees 892,748 270,677 683,542 119,050 Valuation fees 552,023 584,800 552,023 584,800 Directors fees 23,409 25,350 - - Trustee’s fees 385,343 393,361 385,343 393,361 Maintenance of property 1,712,287 1,070,388 1,712,287 1,070,388 Printing expenses 121,980 74,766 119,370 73,070 Secretarial fee 1,876 286 - - Securities Commission’s fees 100 100 100 100 Registrar’s fee - (3,649) - (3,649) Audit fees - Current year 249,614 232,606 127,000 118,000 - Underprovision in prior year - 10,000 - - - Other services 10,000 10,000 10,000 10,000 Tax agent’s fee 15,520 10,000 14,720 16,200 Unrealised loss on foreign exchange 146,339 - 146,339 - Administration expenses 1,683,784 1,011,039 1,096,372 751,001 Allowance for impairment loss of investment in a subsidiary 11 - - 24,058,753 4,000,000 Allowance for expected credit loss on amount due from a subsidiary - - 1,303,019 - Derecognition of past lease receivables 12 5,806,073 9,801,166 4,514,732 8,423,133 Annual listing fees 5,000 5,000 5,000 5,000 Withholding tax 675,928 785,731 675,928 785,731 Shariah adviser’s fee 11,000 6,000 11,000 6,000 Total expenditure 42,143,136 51,379,067 65,265,641 53,443,632 GOVERNANCE STRUCTURE FINANCIAL REPORTS 141 AN PO STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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