3. Significant accounting judgements and estimates (Cont’d) 3.2 Key sources of estimation uncertainty (Cont’d) Fair value of investment properties (Cont’d) The determined fair value of the investment properties by the independent professional valuer is most sensitive to the estimated yield rate and discount rate. The range of the yield rate and the discount rate used in the valuation is described in Note 10. The following table demonstrates the sensitivity of the fair value measurement to changes in estimated term yield rate, discount rate and its corresponding sensitivity result in a higher or lower fair value measurement: Fair value Increase/(decrease) 2024 2023 RM RM Yield rate - 0.25% 3,400,000 8,320,000 + 0.25% (5,100,000) (7,910,000) Discount rate - 0.25% 43,470,000 41,100,000 + 0.25% (42,970,000) (37,800,000) 4. Gross rental income Group Fund 2024 2023 2024 2023 RM RM RM RM Rental income: - Base rental income 59,918,955 60,393,265 59,918,955 60,393,265 - Unbilled rental income 3,090,450 3,229,641 3,090,450 3,229,641 Percentage rent 2,174,550 2,566,489 2,174,550 2,566,489 Service charges 3,317,492 3,277,658 3,317,492 3,277,658 68,501,447 69,467,053 68,501,447 69,467,053 Notes to the Financial Statements - 31 December 2024 210 AL-SALĀM REIT ANNUAL REPORT 2024
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