MANAGEMENT DISCUSSION AND ANALYSIS Malaysian Segment The Malaysian segment, as the key contributor, contributed 91.4% (FY2020: 89.8%) in terms of revenue, an increase of 0.3% to RM104.2 million in FY2021 from RM103.9 million in FY2020. NPI contributed 90.9% (FY2020: 89.4%), increased by 0.4% from RM98.0 million to RM98.4 million. Australian Segment The Australian segment contributed 8.6% (FY2020: 10.2%) in terms of revenue, decreased by 16.7% to RM9.8 million in FY2021 from RM11.8 million in FY2020. NPI contributed 9.1% (FY2020: 10.6%), a decrease of 15.7% from RM11.6 million to RM9.8 million. PROFIT FOR THE YEAR Profit for the year was RM73.5 million (FY2020: RM12.6million) comprising realised profit of RM65.2 million (FY2020: RM57.0 million) and unrealised profit of RM8.3 million (FY2020: unrealised loss of RM44.4 million). Realised profit increased 14.4% or RM8.2 million in FY2021 mainly due to saving from refinancing exercise during the year. The unrealised gain of RM8.3 million mainly related to fair value adjustment of investment properties. FINANCIAL REVIEW FY2020 FY2021 Growth Key Financials RM ‘000 RM ‘000 % The Group: -Gross revenue 115,710 114,072 (1.4) -Net Property Income (NPI) 109,614 108,222 (1.3) -Profit for the year (realised) 56,984 65,218 14.4 -EPU (realised) (sen) 7.74 8.86 14.5 The Fund: -Income available for distribution 52,737 59,650 13.1 -DPU (sen) 6.81 7.80 14.5 CONTRIBUTION BY SEGMENT The Group’s segmental reporting is based on its geographical location of customers and assets as follows: i. Malaysia ii. Australia Management monitors the operating results of its business units separately for the purpose ofmaking decisions on resource allocation and performance assessment. The segmental performance is evaluated based on operating profit. REVENUE CONTRIBUTION FY2020 FY2021 RM ‘000 RM ‘000 Malaysia 103,918 104,245 Australia 11,792 9,827 NPI CONTRIBUTION FY2020 FY2021 RM ‘000 RM ‘000 Malaysia 97,974 98,405 Australia 11,640 9,816 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2021 042
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