FINANCIAL STATEMENT & OTHER INFORMATION 176 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 9. INCOME DISTRIBUTIONS For the financial years ended 31 December 2024 and 2023, the Manager, with the approval of the Trustee, has declared the following income distributions: Group and Fund 2024 RM 2023 RM Income distributions on ordinary shares in respect of the current financial year First interim income distribution of 1.90 (2023: 2.00) sen per unit declared on 25 April 2024 (2023: 3 April 2023 and paid on 25 June 2024 (2023: 10 May 2023) 15,952,352 15,129,715 Second interim income distribution of 1.90 (2023: 1.90) sen per unit declared on 29 August 2024 (2023: 25 August 2023) and paid on 30 September 2024 (2023: 27 September 2023) 15,952,352 15,952,357 Third interim income distribution of 1.90 (2023: 2.00) sen per unit declared on 28 November 2024 (2023: 24 November 2023) and paid on 24 December 2024 (2023: 21 December 2023) 15,952,352 16,791,935 47,857,056 47,874,007 Income distribution on ordinary shares in respect of the previous financial year Final income distribution of 2.00 (2023: 2.10) sen per unit declared on 24 January 2024 (2023: 2 February 2023) and paid on 26 February 2024 (2023: 24 February 2023) 16,791,948 15,886,201 64,649,004 63,760,208 The Manager had declared a final income distribution of 1.57 (2023: 2.00) sen per unit totaling RM13,181,685 for the financial year ended 31 December 2024 payable on 28 February 2025 (2023: 24 January 2024). The financial statements for the current year do not reflect this final income distribution. Such income distribution will be accounted for in equity as an appropriation of profits in the financial year ended 31 December 2025. The total distributions (including proposed final income distribution) for the financial year ended 31 December 2024 amounting to RM61,038,756 (2023: RM64,665,962). Total income distribution is 7.27 (2023: 7.90) sen per unit. Income distributions to unitholders is derived from the following sources: Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Net rental income 110,690,054 114,470,095 109,755,068 108,763,650 Investment revenue 1,885,072 1,450,856 2,661,888 5,906,057 Other income 636,093 731,276 612,971 731,276 Gain on disposal of investment property 1,000,000 - 1,000,000 - Interest accretion on tenant deposits 447,473 424,563 447,473 424,563 Less: Amortisation of deferred income (504,167) (463,085) (504,167) (463,085) Less: Unbilled rental income (2,364,839) (2,364,839) (2,364,839) (2,364,839) 111,789,686 114,248,866 111,608,394 112,997,622 Less: Expenses (49,566,417) (51,002,516) (47,437,123) (48,303,720) Realised income for the year 62,223,269 63,246,350 64,171,271 64,693,902 Undistributed income brought forward 72,668,819 73,182,677 70,926,475 69,992,781 Less: Undistributed income (70,243,084) (72,668,819) (70,448,742) (70,926,475) 64,649,004 63,760,208 64,649,004 63,760,208
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