| ALSREIT 2023 |
1 |
| Our Business |
2 |
| 2023 Highlights |
3 |
| About Us |
6 |
| Corporate Profile |
7 |
| Corporate Information |
8 |
| Trust Structure |
9 |
| Organisation Structure |
10 |
| Salient Features |
11 |
| Business Overview |
13 |
| Letter To Stakeholders |
16 |
| Five-Year Financial Performance |
20 |
| Trading Performance |
21 |
| Market Report Summary |
22 |
| Managment Discussion & Analysis |
26 |
| Financial Review |
26 |
| Retail Segment |
30 |
| Capital Management |
43 |
| Key Risk Factors |
45 |
| Stakeholder Engagement |
47 |
| Sustainability Statement |
51 |
| A Cursory Snapshot of Our Sustainability Journey |
54 |
| Our Sustainability Performance Highlights |
57 |
| Looking Back on Our Reporting Journey |
58 |
| A Strategic Approach Toward Sustainable Excellence |
60 |
| Identifying Our Material Sustainability Matters |
66 |
| Robust Corporate Governance |
72 |
| Sustainable Trust Fund |
76 |
| Strong Social Relationships |
79 |
| Environmental Stewardship |
89 |
| Concluding A Year of Progress |
94 |
| Performance Data Table |
95 |
| GRI Content Index |
98 |
| TCFD Content Index |
99 |
| Corporate Governance |
101 |
| The Board Of Directors |
104 |
| The Shariah Committee |
113 |
| The Management Team |
116 |
| Corporate Governance Overview Statement |
120 |
| Board Audit and Risk Committee Report |
134 |
| Board Investment Committee Report |
141 |
| Board Nomination and Remuneration Committee Report |
144 |
| Board Sustainability Committee Report |
148 |
| Statement on Risk Management and Internal Control |
151 |
| Additional Compliance Information |
164 |
| Shariah Adviser's Report |
166 |
| Trustee's Report |
167 |
| Other Information |
168 |
| Portfolio Summary and Details |
169 |
| Analysis of Unitholdings |
183 |
| Financial Statements |
185 |
| Manager's Report |
186 |
| Statement by Directors of the Manager |
192 |
| Statutory Declaration |
192 |
| Independent Auditors' Report |
193 |
| Statements of Comprehensive Income |
197 |
| Statements of Financial Position |
199 |
| Statements of Changes in Net Asset Value |
201 |
| Statements of Cash Flows |
202 |
| Notes to the Financial Statements |
203 |
| Corporate information |
203 |
| Basis of preparation and material accounting policies |
204 |
| Significant accounting judgements and estimates |
215 |
| Gross rental income |
217 |
| Other income |
217 |
| Investment income |
217 |
| Tax expense |
217 |
| Earnings per unit |
219 |
| Income distribution |
219 |
| Investment properties |
220 |
| Equipment |
225 |
| Investment in a subsidiary |
225 |
| Trade receivables, other receivables and prepaid expenses |
226 |
| Cash and bank balance |
229 |
| Deferred tax liability |
229 |
| Other payables and accrued expenses |
230 |
| Islamic financing |
231 |
| Unitholders' capital |
234 |
| Management Expense Ratio ("MER") |
235 |
| Significant related party transactions |
235 |
| Fair value of financial instruments |
236 |
| Financial risk management objectives and policies |
237 |
| Segment reporting |
239 |
| Capital management |
244 |
| Commitments |
244 |