NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 5. Property expenses Group Fund 2021 2020 2021 2020 RM RM RM RM Assessment 3,349,533 3,339,933 3,349,533 3,339,933 Takaful coverage 930,297 1,028,095 930,297 1,028,095 Maintenance fee 1,106,915 1,258,011 1,096,416 1,105,827 Quit rent 463,883 470,014 463,883 470,014 5,850,628 6,096,053 5,840,129 5,943,869 6. Investment revenue Group Fund 2021 2020 2021 2020 RM RM RM RM Shariah Compliant income from Islamic fixed deposits placements 623,104 1,011,305 623,104 1,011,305 Profit sharing on advances from a subsidiary in Australia - - 6,759,276 7,857,306 623,104 1,011,305 7,382,380 8,868,611 7. Tax (credit)/expense Group Fund 2021 2020 2021 2020 RM RM RM RM Deferred tax relating to the origination and reversal of temporary differences (Note 17) (768,296) 1,052,958 (768,296) 2,534,162 Reconciliations of the tax expense applicable to profit before tax at the statutory income tax rate to income tax expense at the effective income tax rate of the Group and of the Fund are as follows: Group Fund 2021 2020 2021 2020 RM RM RM RM Profit before tax 72,781,553 13,624,360 46,601,801 50,125,877 Tax at the statutory tax rate of 24% (2020: 24%) 17,467,573 3,269,846 11,184,432 12,030,210 Different tax rates in other country (92,304) (1,927,957) - - Deferred tax recognised at different tax rate (768,296) 2,534,162 (768,296) 2,534,162 Non-deductible expenses 2,176,652 17,638,597 7,478,994 3,507,646 Income not subject to tax (14,203,104) (11,855,678) (12,248,450) (2,504,932) Income exempted from tax (5,348,817) (8,606,012) (6,414,976) (13,032,924) Tax expense for the year (768,296) 1,052,958 (768,296) 2,534,162 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 168
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