AL-SALAM REIT ANNUAL REPORT 2019

AL-SALĀM REIT • 149 ANNUAL REPORT 2019 For The Financial Year Ended 31 December 2019 (Cont’d) F&B Other - Fund Retail Office F&B Non- level The Fund 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 - - - - (3,141,983) (3,141,983) Operating profit/(loss) 32,724,399 5,577,571 13,973,805 13,820,936 (2,386,099) 63,710,612 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 (25,770,280) 40,326,431 Income tax expense - - - - - - Profit/(Loss) for the financial year 32,724,399 5,577,571 13,973,805 13,820,936 (25,770,280) 40,326,431 Total assets 802,489,741 92,881,651 165,697,000 173,762,393 (80,174,485) 1,154,656,300 Total liabilities 17,101,550 2,422,260 - 709,302 513,471,057 533,704,169 Notes To The Financial Statements