AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 107 Statements Of Profit Or Loss And Other Comprehensive Income For The Financial Year Ended 31 December 2018 Note The Group The Fund 2018 2018 2017 RM RM RM Gross rental income 5 75,408,052 75,408,052 73,333,345 Other income 6 6,742,696 6,742,696 6,699,417 Total revenue 82,150,748 82,150,748 80,032,762 Utilities expenses (6,778,164) (6,778,164) (6,677,878) Maintenance expenses (3,788,020) (3,788,020) (3,837,171) Quit rent and assessment (1,614,101) (1,614,101) (1,452,438) Property manager fee (270,000) (270,000) (270,000) Other property expenses (11,455,436) (11,455,436) (10,907,964) Total property expenses (23,905,721) (23,905,721) (23,145,451) Net property income 58,245,027 58,245,027 56,887,311 Investment income 7 1,025,884 1,025,884 1,187,792 Fair value gain on investment properties 11 7,581,684 7,581,684 5,063,150 Total investment income 8,607,568 8,607,568 6,250,942 Net investment income 66,852,595 66,852,595 63,138,253 Islamic inancing costs: Finance costs (22,076,860) (18,803,277) (17,577,304) Amount owing to a subsidiary - (3,273,583) - Imputed inance costs (1,307,321) (1,307,321) (894,012) Manager’s fees (1,503,100) (1,503,100) (2,341,523) Trustee’s fees (122,492) (122,492) (121,777) Audit fees (155,000) (130,000) (120,000) Valuation fees (560,000) (560,000) (350,000) Other expenses (826,411) (826,391) (1,128,005) Total Fund expenses (26,551,184) (26,526,164) (22,532,621)