Table of Contents
1
168
Al-`Aqar Healthcare REIT Annual Report 2019
ALAQAR Annual Report 2019
1
The Contents
2
Corporate Overview
4
Corporate Profile
5
Objective,Policy & Strategies
6
Corporate Information
7
Letter to Stakeholders
9
Salient Features
11
5 Years’ Financial Performance
12
Trading Performance
14
Analysis of Unitholdings
17
Driving Force
20
Trust Structure
21
Organisation Structure
22
The Board of Directors’ Profile
23
The Shariah Committee’s Profile
32
The Management
35
Strategic Performance
38
Management Discussion & Analysis
39
Investor & Public Relations
51
Market Report Summary
53
Portfolio Summary & Details
57
Sustainability Report
70
About This Report
71
Sustainable REIT
71
GOVERNANCE AND ACCOUNTABILITY
73
ENGAGING STAKEHOLDERS
73
MATERIALITY ASSESSMENT
74
SUSTAINABILITY PILLARS
75
GOVERNANCE
75
PEOPLE
76
PARTNER
77
Essence of Corporate Governance
78
Board Charter
79
Corporate Governance Statement
86
Audit Committee Report
91
Statement on Risk Management & Internal Control
93
Financial Reports
98
Manager’s Report
99
Independent Auditors’ Report
105
Statements Of Comprehensive Income
109
Statements Of Financial Position
111
Statements Of Changes In Net Asset Value
113
Statements Of Cash Flows
115
Notes To The Financial Statements
117
CORPORATE INFORMATION
117
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
118
SIGNIFICANT ACCOUNTING POLICIES
120
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
133
REVENUE
135
PROPERTY EXPENSES
136
INVESTMENT REVENUE
136
TAX
136
EARNINGS PER UNIT
138
NET INCOME DISTRIBUTIONS
138
INVESTMENT PROPERTIES
139
INVESTMENT IN SUBSIDIARIES
143
TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAID EXPENSES
144
CASH AND CASH EQUIVALENTS
145
OTHER PAYABLES AND ACCRUED EXPENSES
146
DEFERRED TAX LIABILITIES
147
ISLAMIC FINANCING
147
UNITHOLDERS’ CAPITAL
151
MANAGEMENT EXPENSE RATIO (“MER”)
153
SIGNIFICANT RELATED PARTY TRANSACTIONS
153
COMMITMENTS
154
FINANCIAL INSTRUMENTS
154
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
155
SEGMENT REPORTING
161
CAPITAL MANAGEMENT
162
PORTFOLIO TURNOVER RATIO (“PTR”)
163
SIGNIFICANT EVENT
163
Statement By The Directors Of The Manager
164
Declaration By The Director Of The Manager
165
Shariah Committee Report
166
Trustee’s Report
167
Made with FlippingBook
RkJQdWJsaXNoZXIy NDgzMzc=