SECTION 09 pg. 242 AL-SALĀM REIT Group Fund Note 2025 RM 2024 RM 2025 RM 2024 RM Gross rental income 4 77,561,732 68,501,447 77,561,732 68,501,447 Other income 5 11,263,228 9,951,801 11,263,228 9,951,801 Total revenue 88,824,960 78,453,248 88,824,960 78,453,248 Utilities expenses (8,427,346) (9,322,555) (8,427,346) (9,322,555) Maintenance expenses (5,030,902) (4,456,381) (5,030,902) (4,456,381) Quit rent and assessment (1,805,833) (1,716,355) (1,805,833) (1,716,355) Property manager fee (474,000) (474,000) (474,000) (474,000) Other property expenses (11,988,493) (11,069,071) (11,988,493) (11,069,071) Total property expenses (27,726,574) (27,038,362) (27,726,574) (27,038,362) Net property income 61,098,386 51,414,886 61,098,386 51,414,886 Investment income 6 1,131,910 897,996 1,131,910 897,996 Net fair value loss on investment properties (3,078,218) (1,946,592) (3,078,218) (1,946,592) Gain on disposal of asset held for sale 100,000 - 100,000 - Total investment loss (1,846,308) (1,048,596) (1,846,308) (1,048,596) Net investment income 59,252,078 50,366,290 59,252,078 50,366,290 Finance costs on loan: - Finance costs charged by financing institution (36,923,418) (38,407,075) (9,562,254) (10,128,404) - Finance costs from a subsidiary - - (27,361,164) (28,278,671) - Imputed finance costs (3,185,247) (2,089,535) (3,185,247) (2,089,535) Allowance for expected credit loss on amount due from a subsidiary - - (363,637) (323,523) Manager fees (3,001,723) (2,610,881) (3,001,723) (2,610,881) Trustee fees (132,300) (129,687) (132,300) (129,687) Audit fees - Current year (220,000) (210,000) (195,000) (185,000) - Other services (20,000) (20,000) (20,000) (20,000) Valuation fees (318,088) (398,889) (318,088) (398,889) Other expenses (1,614,905) (968,214) (1,599,792) (942,807) Total fund expenses (45,415,681) (44,834,281) (45,739,205) (45,107,397) Profit before tax 13,836,397 5,532,009 13,512,873 5,258,893 Tax expense 7 (215,012) (247,559) (215,012) (247,559) Profit for the year, representing total comprehensive income for the year 13,621,385 5,284,450 13,297,861 5,011,334 STATEMENTS OF COMPREHENSIVE INCOME For the year ended 31 December 2025
RkJQdWJsaXNoZXIy NDgzMzc=