FINANCIAL STATEMENT & OTHER INFORMATION SECTION 5 197 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 24. CAPITAL MANAGEMENT (CONT’D.) Gearing ratio The Group’s and the Fund’s gearing ratio are calculated based on the proportion of total borrowings to the total asset value. The gearing ratio at the end of the reporting period is as follows: Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Total borrowings 759,141,666 757,749,184 759,141,666 757,749,184 Total assets value 1,835,937,437 1,855,983,844 1,836,153,870 1,854,868,689 Total borrowings to total assets value ratio 41.35% 40.83% 41.34% 40.85% 25. PORTFOLIO TURNOVER RATIO (“PTR”) Group and Fund 2024 RM 2023 RM PTR (times) 0.01 - The calculation of PTR is based on the average of total acquisitions and total disposals of investments in the Fund for the year to the average net asset value during the year calculated on a monthly basis. 26. CAPITAL COMMITMENTS Group Fund 2024 RM 2023 RM 2024 RM 2023 RM Capital expenditure - authorised but not contracted for - 306,600,000 - 306,600,000 27. SIGNIFICANT EVENTS Disposal of Damai Wellness Centre On 15 November 2023, the Company entered into a Sale and Purchase Agreement with Sihat Damai Sdn Bhd for the disposal of DWC for a cash consideration of RM13.0 million. The gain on disposal of DWC is RM1.0 million and the disposal has been completed on 6 June 2024.
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