AL-SALAM REIT ANNUAL REPORT 2019

F&B Other - Fund Retail Office F&B Non- level The Group outlets buildings restaurants restaurants operations Total 2018 RM RM RM RM RM RM Total revenue 51,891,831 9,370,182 9,962,996 10,925,739 - 82,150,748 Total property expenses (19,533,116) (3,792,611) (16,191) (293,803) (270,000) (23,905,721) Net property income/(loss) 32,358,715 5,577,571 9,946,805 10,631,936 (270,000) 58,245,027 Fair value gain on investment properties 365,684 - 4,027,000 3,189,000 - 7,581,684 Investment income - - - - 1,025,884 1,025,884 Total income 32,724,399 5,577,571 13,973,805 13,820,936 755,884 66,852,595 Total fund expenditure - - - - (3,167,003) (3,167,003) Operating profit/(loss) 32,724,399 5,577,571 13,973,805 13,820,936 (2,411,119) 63,685,592 Islamic financing costs - - - - (23,384,181) (23,384,181) Profit/(Loss) before tax 32,724,399 5,577,571 13,973,805 13,820,936 (25,795,300) 40,301,411 Income tax expense - - - - - - Profit/(Loss) for the financial year 32,724,399 5,577,571 13,973,805 13,820,936 (25,795,300) 40,301,411 Total assets 803,242,511 92,881,651 165,697,000 173,764,432 (78,424,443) 1,157,161,151 Total liabilities 17,101,550 2,422,260 - 709,302 516,000,928 536,234,040 AL-SALĀM REIT • 148 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) Notes To The Financial Statements