Al-`Aqar Healthcare REIT Annual Report 2019

06 FINANCIAL STATEMENT 138 Distribution to unitholders is derived from the following sources: The Fund 2019 2018 RM RM Net rental income 88,942,307 85,162,568 Investment revenue 10,550,265 10,927,032 Other income 717,196 510,841 100,209,768 96,600,441 Less: Expenses (38,942,349) (36,830,229) Realised income for the year 61,267,419 59,770,212 Undistributed income brought forward 46,440,526 56,584,132 Less: Undistributed income (50,301,128) (46,440,526) 57,406,817 69,913,818 11. INVESTMENT PROPERTIES The Group The Fund 2019 2018 2019 2018 RM RM RM RM At beginning of year 1,485,726,800 1,459,703,200 1,353,300,000 1,320,100,000 Addition 78,000,000 - 78,000,000 - Enhancements 1,262,486 2,858,080 1,262,486 2,858,080 Gain on fair value of investment properties (net) 13,072,974 30,341,920 16,837,514 30,341,920 Effect of foreign currency exchange differences (8,248,260) (7,176,400) - - At end of year 1,569,814,000 1,485,726,800 1,449,400,000 1,353,300,000 Land and buildings at fair value 1,569,814,000 1,485,726,800 1,449,400,000 1,353,300,000 Fair value measurement of the Fund’s investment properties The fair values of the Group’s and of the Fund’s investment properties have been arrived at on the basis of a valuation carried out by Messrs. VPC Alliance (Kajang) Sdn Bhd (“VPC”), Messrs. Knight Frank Malaysia Sdn Bhd (“Knight Frank”), and Messrs. Henry Butcher Malaysia Sdn Bhd (“Henry Butcher”), independent valuers not related to the Group and the Fund. Messrs. VPC, Messrs. Knight Frank and Messrs. Henry Butcher are registered members of the Board of Valuers, Appraisers and Estate Agents, Malaysia, and they have appropriate qualifications and recent experience in the valuation of the properties in the relevant Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued) 10. NET INCOME DISTRIBUTIONS (CONTINUED)