FINANCIAL STATEMENT & OTHER INFORMATION 174 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 5. PROPERTY EXPENSES Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Assessment 3,768,509 3,733,043 3,768,509 3,733,043 Takaful coverage 950,958 972,905 950,958 972,905 Maintenance fee 1,315,632 1,354,108 1,283,360 1,288,400 Quit rent 490,779 492,330 490,779 492,330 6,525,878 6,552,386 6,493,606 6,486,678 6. INVESTMENT REVENUE Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Shariah Compliant income from Islamic fixed deposits with licensed banks 1,885,072 1,450,856 1,885,072 1,450,856 Profit sharing on advances from a subsidiary in Australia - - 776,816 4,455,201 1,885,072 1,450,856 2,661,888 5,906,057 7. TAX CREDIT Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Deferred tax relating to the origination and reversal of temporary differences (Note 16) (200,000) (140,000) (200,000) (140,000) Reconciliations of the tax credit 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 2024 RM 2023 RM 2024 RM 2023 RM Profit before tax 58,074,854 60,554,173 45,717,521 66,377,692 Tax at the statutory tax rate of 24% 13,937,965 14,533,002 10,972,205 15,930,646 Different tax rates in other country (1,571,876) (564,756) - - Deferred tax recognised at different tax rate (200,000) (140,000) (200,000) (140,000) Non-deductible expenses 6,452,357 6,800,983 8,923,953 3,756,684 Income not subject to tax (10,014,122) (12,027,019) (12,163,388) (12,600,508) Income exempted from tax (8,804,324) (8,742,210) (7,732,770) (7,086,822) Tax expense for the year (200,000) (140,000) (200,000) (140,000)
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