AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 134 On 30 January 2019, the Manager, after consultation with the Trustee, declared a third interim income distribution of 2.35 sen per unit totalling RM13.63 million for the inancial year ended 31 December 2018. The distribution was approved by the Trustee and has not been included as a liability in the inancial statements. The total distributions for the inancial year ended 31 December 2018 amount to RM31.03 million (2017: RM34.8 million). Total distribution is 5.35 sen per unit (2017: 6.00 sen per unit). Distribution to unitholders is derived from the following sources: The Group The Fund 2018 2018 2017 RM RM RM Net property income 58,245,027 58,245,027 56,887,311 Investment income 1,025,884 1,025,884 1,187,792 Less: Unbilled rental income (853,005) (853,005) - 58,417,906 58,417,906 58,075,103 Less: Fund expenses (26,551,184) (26,526,164) (22,532,621) Realised income for the year 31,866,722 31,891,742 35,542,482 Undistributed income brought forward 20,344,661 20,344,661 21,052,037 Less: Undistributed income (16,541,448) (16,566,468) (20,344,661) 35,669,935 35,669,935 36,249,858 Number of units in circulation 580,000,000 580,000,000 580,000,000 Income distribution per unit (sen): Gross 6.15 6.15 6.25 Net 6.15 6.15 6.25 11. INVESTMENT PROPERTIES The Group The Fund 2018 2018 2017 RM RM RM At beginning of year 927,470,000 927,470,000 922,090,000 Additions 157,634,316 157,634,316 316,850 Fair value of gain on investment properties 7,581,684 7,581,684 5,063,150 At end of year 1,092,686,000 1,092,686,000 927,470,000