AL-SALAM REIT ANNUAL REPORT 2017

AL-SALĀM REIT ANNUAL REPORT 2017 161 2016 Other - Retail Office F&B F&B Non- Fund level outlets buildings restaurants restaurants operations Total RM RM RM RM RM RM Total revenue 46,695,922 9,032,794 9,802,650 10,603,307 - 76,134,673 Total property expenses (15,457,220) (3,193,240) (16,048) (285,609) (270,000) (19,222,117) Net property income 31,238,702 5,839,554 9,786,602 10,317,698 (270,000) 56,912,556 Fair value gain on investment properties 3,000,000 2,000,000 3,270,000 2,360,000 - 10,630,000 Investment income - - - - 943,064 943,064 Total income 34,238,702 7,839,554 13,056,602 12,677,698 673,064 68,485,620 Total fund expenditure - - - - (3,000,515) (3,000,515) Operating profit 34,238,702 7,839,554 13,056,602 12,677,698 (2,327,451) 65,485,105 Islamic financing costs - - - - (18,817,697) (18,817,697) Profit before tax 34,238,702 7,839,554 13,056,602 12,677,698 (21,145,148) 46,667,408 Income tax expense - - - - - - Profit for the financial year 34,238,702 7,839,554 13,056,602 12,677,698 (21,145,148) 46,667,408 Total assets 584,351,136 82,206,079 158,590,000 164,951,656 (11,916,882) 978,181,989 Total liabilities 16,963,973 3,101,298 - 840,699 345,336,158 366,242,128 NOTES TO THE FINANCIAL STATEMENTS - CONT’D