Al-`Aqar Healthcare REIT Annual Report 2019

06 FINANCIAL STATEMENT 108 The Group The Fund 2019 2018 2019 2018 Note RM RM RM RM Revenue 5 106,110,287 102,648,975 94,587,596 91,097,366 Property expenses 6 (5,784,630) (6,039,514) (5,645,289) (5,934,798) Gross profit 100,325,657 96,609,461 88,942,307 85,162,568 Investment revenue 7 1,655,201 2,031,968 10,550,265 10,927,032 Other income 717,196 510,841 717,196 510,841 Gain on fair value adjustment of investment properties (net) 11 13,072,974 30,341,920 16,837,514 30,341,920 Total income 115,771,028 129,494,190 117,047,282 126,942,361 Expenditure: Finance costs: Islamic financing 17 31,933,936 30,129,128 1,607,653 145,182 Amounts due to a subsidiary 17 - - 30,603,857 31,424,193 Transaction cost 17 390,454 1,449,654 112,880 9,407 Manager’s fees 1,719,328 1,674,718 1,719,328 1,674,718 Professional fees 537,734 304,503 517,734 284,503 Valuation fees 492,248 512,358 492,248 512,358 Trustee’s fees 284,114 273,226 284,114 273,226 Maintenance of property 2,113,889 1,160,893 2,113,889 1,160,893 Printing expenses 89,700 110,833 87,900 99,001 Secretarial fee 4,583 7,873 - - Securities Commission’s fees 100 100 100 100 Registrar’s fee 138,923 65,382 138,923 65,382 Audit fees 181,453 163,061 110,000 100,000 Tax agent’s fee 18,000 13,400 17,200 12,600 Unrealised loss on foreign exchange 333,951 - 333,951 - Administration expenses 487,096 436,893 239,017 168,507 Allowance for impairment loss in investment in subsidiaries 12 - - 4,000,000 7,000,000 Annual listing fees 5,000 5,000 5,000 5,000 Withholding tax 889,506 889,506 889,506 889,506 Shariah adviser’s fee 3,000 6,000 3,000 6,000 Statements Of Comprehensive Income For The Financial Year Ended 31 December 2019