Al-`Aqar Healthcare REIT Annual Report 2019

Al-`Aqar Healthcare REIT 06 FINANCIAL STATEMENT 161 31 December 2019 Malaysia Australia Total RM RM RM Profit before tax 68,769,399 7,378,614 76,148,013 Tax - 13,724 13,724 Profit after tax 68,769,399 7,392,338 76,161,737 Total assets 1,531,803,930 142,548,005 1,674,351,935 Total liabilities 713,966,428 1,872,167 715,838,595 31 December 2018 Rental 91,097,366 11,551,609 102,648,975 Property expenses (5,934,798) (104,716) (6,039,514) Net property income 85,162,568 11,446,893 96,609,461 Investment income 2,031,968 - 2,031,968 Other income 510,841 - 510,841 Gain on fair value 30,341,920 - 30,341,920 Total income 118,047,297 11,446,893 129,494,190 Expenditure (5,424,523) (199,223) (5,623,746) Operating profit 112,622,774 11,247,670 123,870,444 Financing costs (31,578,782) - (31,578,782) Profit before tax 81,043,992 11,247,670 92,291,662 Tax 347 (917,555) (917,208) Profit after tax 81,044,339 10,330,115 91,374,454 Total assets 1,426,214,969 154,253,445 1,580,468,414 Total liabilities 630,408,678 2,261,770 632,670,448 25. CAPITAL MANAGEMENT The Group and the Fund manage their capital to ensure that entities in the Group and the Fund will be able to continue as going concerns while maximising the return to unitholders through the optimisation of the debt and equity balance. The Group’s and the Fund’s overall strategy remain unchanged from 2018. The capital structure of the Group and of the Fund consists of net debt (borrowings as detailed in Note 17) offset by cash and cash equivalents and unitholders’ fund of the Group and of the Fund (comprising unitholders’ capital and undistributed income). The Group and the Fund are required to comply with the financial covenants as disclosed in Note 17 and the SC Guidelines on capital requirements. Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued) 24. SEGMENT REPORTING (CONTINUED)