NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 1. Corporate information (cont’d) (i) Maintenance and management fee The maintenance manager, Healthcare Technical Services Sdn Bhd, is entitled to an annual maintenance and management fee of up to 0.08% of the gross value of the investment properties in respect of the management of the investment properties owned by the Fund in accordance with the Property Maintenance Agreement. The fee is calculated on a monthly accrual basis. (ii) Manager’s fee Pursuant to the Second Restated Trust Deed dated 25 November 2019, the Manager is entitled to receive the following fees from the Fund: (a) Management fee of 0.1% per annum of the gross assets value of the Fund that is below RM1,000,000,000 and 0.125% of the gross assets value of the Fund that exceeds RM1,000,000,000 calculated based on monthly accrual basis and payable monthly in arrears; The management fee for the current financial year is RM1,845,342 (2020: RM1,837,356). (b) An acquisition fee of 1% of the acquisition price of any investment property purchased directly or indirectly by the Fundwhich is payable after the completion of the acquisition; and There is no acquisition fee paid to the Manager during the current and previous financial year. (c) A disposal fee of 0.5% of the disposal price of any investment property to be disposed directly or indirectly by the Fund which is payable upon completion of the disposal. There is no disposal fee paid to the Manager during the current and previous financial years. (iii) Trustee’s fee Pursuant to the Second Restated Trust Deed dated 25 November 2019, the Trustee is entitled to receive a fee of up to 0.04% per annum of the net asset value of the Fund, calculated based on the monthly accrual basis and payable monthly in arrears. The Trustee’s fees for the financial year ended 31 December 2021 of RM385,343 (2020: RM393,361). The financial statements of the Group and of the Fund were authorised by the board of directors of the Manager for issuance on 24 February 2022. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 150
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