FINANCIAL STATEMENT & OTHER INFORMATION SECTION 5 157 STATEMENTS OF FINANCIAL POSITION For the year ended 31 December 2024 (cont’d) Al-`Aqar Healthcare REIT | Annual Report 2024 The Group The Fund 2024 RM 2023 RM 2024 RM 2023 RM Cash flows from operating activities Profit before tax 58,074,854 60,554,173 45,717,521 66,377,692 Adjustments for: Finance costs 38,608,988 39,147,086 38,608,988 39,147,086 Investment revenue (1,885,072) (1,450,856) (2,661,888) (5,906,057) Interest accretion on tenant deposits 447,473 424,563 447,473 424,563 Amortisation of deferred income (504,167) (463,085) (504,167) (463,085) Allowance for impairment loss in investment in subsidiaries - - - 2,539,638 Allowance for expected credit loss on amount due from a subsidiary - - 30,876,803 6,970,806 Gain on disposal of investment property (1,000,000) - (1,000,000) - Fair value adjustment of investment properties (10,134,121) 5,151,250 (10,134,121) (8,735,161) Fair value written down of asset held for sale 16,571,468 - - - Unrealised loss/(gain) on foreign exchange 132,601 (55,712) 132,601 (55,712) Unbilled rental income (2,364,839) (2,364,839) (2,364,839) (2,364,839) Operating profit before working capital changes 97,947,185 100,942,580 99,118,371 97,934,931 Changes in working capital: Decrease in trade receivables 3,053,600 500,182 374,576 8,138,379 Increase in other receivables and prepaid expenses (1,254,630) (263,046) (1,817,053) (195,334) (Decrease)/Increase in other payables and accrued expenses (3,729,478) 77,685 (3,724,196) (1,095,903) Net changes in working capital (1,930,508) 314,821 (5,166,673) 6,847,142 Net cash generated from operating activities 96,016,677 101,257,401 93,951,698 104,782,073 Cash flows from investing activities Income received on investment 1,929,220 1,494,280 2,569,699 1,495,274 Profit sharing on advances from a subsidiary in Australia - - 28,143,226 445,520 Net proceed from disposal of investment property 13,000,000 - 13,000,000 - Enhancement to investment properties (2,201,040) - (2,201,040) - Net cash generated from investing activities 12,728,180 1,494,280 41,511,885 1,940,794
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