AL-SALAM REIT ANNUAL REPORT 2019

AL-SALĀM REIT • 127 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) 10. NET INCOME DISTRIBUTION The Group The Fund 2019 2018 2019 2018 RM RM RM RM Final distribution 2017 - 3.15 sen per unit paid on 28.2.2018 - 18,269,935 - 18,269,935 First interim distribution 2018 - 1.00 sen per unit paid on 9.7.2018 - 5,800,000 - 5,800,000 Second interim distribution 2018 - 1.00 sen per unit paid on 19.10.2018 - 5,800,000 - 5,800,000 Third interim distribution 2018 -1.00 sen per unit paid on 14.1.2019 - 5,800,000 - 5,800,000 Final distribution 2018 - 2.35 sen per unit paid on 28.2.2019 13,629,955 - 13,629,955 - First interim distribution 2019 - 1.18 sen per unit paid on 12.7.2019 6,843,936 - 6,843,936 - Second interim distribution 2019 - 1.09 sen per unit paid on 17.10.2019 6,321,970 - 6,321,970 - Third interim distribution 2019 - 1.07 sen per unit paid on 10.1.2020 6,206,000 - 6,206,000 - 33,001,861 35,669,935 33,001,861 35,669,935 On 30 January 2020, the Manager, after consultation with the Trustee, declared a final interim income distribution of 1.41 sen per unit totalling RM8.18 million for the financial year ended 31 December 2019. The distribution was approved by the Trustee and has not been included as a liability in the financial statements. The total distributions for the financial year ended 31 December 2019 amount to RM27,550,000 (2018: RM31,030,000). Total distribution is 4.75 sen per unit (2018: 5.35 sen per unit). Distribution to unitholders is derived from the following sources: The Group The Fund 2019 2018 2019 2018 RM RM RM RM Net property income 69,121,014 58,245,027 69,121,014 58,245,027 Investment income 1,067,052 1,025,884 1,067,052 1,025,884 Less: Unbilled rental income (4,214,668) (853,005) (4,214,668) (853,005) 65,973,398 58,417,906 65,973,398 58,417,906 Less: Fund expenses (37,578,470) (26,551,184) (37,512,251) (26,526,164) Realised income for the year 28,394,928 31,866,722 28,461,147 31,891,742 Undistributed income brought forward 16,541,448 20,344,661 16,566,468 20,344,661 Less: Undistributed income (11,934,515) (16,541,448) (12,025,754) (16,566,468) 33,001,861 35,669,935 33,001,861 35,669,935 Number of units in circulation 580,000,000 580,000,000 580,000,000 580,000,000 Income distribution per unit (sen): Gross 5.69 6.15 5.69 6.15 Net 5.69 6.15 5.69 6.15 Notes To The Financial Statements