Al-`Aqar Healthcare REIT Annual Report 2019

Management Discussion & Analysis FINANCIAL REVIEW KEY FINANCIALS FY2018 FY2019 GROWTH RM’000 RM’000 % The Group Gross revenue 102,649 106,110 3.4 Net Property Income (NPI) 96,609 100,326 3.8 Profit for the year (realised) 61,032 63,423 3.9 EPU (realised) (sen) 8.37 8.62 3.0 The Fund Income available for distribution 56,912 60,005 5.4 DPU (sen) 7.70 7.75 0.6 CONTRIBUTION BY SEGMENT The Group has a single operating segment. For management purposes, the Group is organised into business units based on the geographical location of customers and assets, and has 2 reportable segments as follows:- i. Malaysia ii. Australia Management monitors the operating results of its business units separately for the purpose of making decisions on resource allocation and performance assessment. Segmental performance is evaluated based on operating profit. REVENUE CONTRIBUTION FY2018 FY2019 RM’000 RM’000 Malaysia 91,097 94,588 Australia 11,552 11,522 NPI CONTRIBUTION FY2018 FY2019 RM’000 RM’000 Malaysia 85,162 88,942 Australia 11,447 11,383 Malaysian Segment The Malaysian segment, as the key contributor, contributed 89.1% (FY2018: 88.7%) and 88.7% (FY2018: 88.1%) in terms of revenue and NPI respectively. The Malaysia segment’s revenue increased by 3.8% to RM94.6 million in FY2019 from RM91.1 million in FY2018. NPI increased 4.4% from RM85.2 million to RM88.9 million. The increase in revenue and NPI were mainly due to full rental income received upon settlement of the KPJUC Balance Purchase Consideration in November 2018 as well as annual increment on rental income. 03 STRATEGIC PERFORMANCE 38