Statements of Comprehensive Income For the year ended 31 December 2024 Group Fund Note 2024 2023 2024 2023 RM RM RM RM Gross rental income 4 68,501,447 69,467,053 68,501,447 69,467,053 Other income 5 9,951,801 6,815,766 9,951,801 6,815,766 Total revenue 78,453,248 76,282,819 78,453,248 76,282,819 Utilities expenses (9,322,555) (8,517,206) (9,322,555) (8,517,206) Maintenance expenses (4,456,381) (4,281,527) (4,456,381) (4,281,527) Quit rent and assessment (1,716,355) (1,952,108) (1,716,355) (1,952,108) Property manager fee (474,000) (481,300) (474,000) (481,300) Other property expenses (11,069,071) (10,142,258) (11,069,071) (10,142,258) Total property expenses (27,038,362) (25,374,399) (27,038,362) (25,374,399) Net property income 51,414,886 50,908,420 51,414,886 50,908,420 Investment income 6 897,996 935,781 897,996 935,781 Net fair value (loss)/gain on investment properties 10 (1,946,592) 12,582,560 (1,946,592) 12,582,560 Total investment (loss)/income (1,048,596) 13,518,341 (1,048,596) 13,518,341 Net investment income 50,366,290 64,426,761 50,366,290 64,426,761 Finance costs on loan: - Finance costs charged by financing institution (38,407,075) (34,550,046) (10,128,404) (9,851,242) - Finance costs from a subsidiary - - (28,278,671) (24,698,804) - Imputed finance costs (2,089,535) (1,942,197) (2,089,535) (1,942,197) Allowance for expected credit losses of trade receivables 13 - (1,500,000) - (1,500,000) Allowance for expected credit loss on amount due from a subsidiary - - (323,523) (269,089) Manager fees (2,610,881) (2,589,740) (2,610,881) (2,589,740) Trustee fees (129,687) (127,741) (129,687) (127,741) Audit fees - Current year (210,000) (240,000) (185,000) (215,000) - Other services (20,000) (350,000) (20,000) (350,000) Valuation fees (398,889) (378,000) (398,889) (378,000) Other expenses (968,214) (865,428) (942,807) (861,685) Total fund expenses (44,834,281) (42,543,152) (45,107,397) (42,783,498) Profit before tax 5,532,009 21,883,609 5,258,893 21,643,263 Tax expense 7 (247,559) (181,565) (247,559) (181,565) Profit for the year, representing total comprehensive income for the year 5,284,450 21,702,044 5,011,334 21,461,698 1 ABOUT US 187 3 SUSTAINABILITY STATEMENT 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION
RkJQdWJsaXNoZXIy NDgzMzc=