Al-`Aqar Healthcare REIT Annual Report 2020

Financial Reports 133 9. Income distributions (cont’d) Income distributions to unitholders is derived from the following sources: Group Fund 2020 2019 2020 2019 RM RM RM RM Net rental income 109,614,226 100,325,657 97,974,342 88,942,307 Investment revenue 1,011,305 1,655,201 8,868,611 10,550,265 Other income 1,414,273 717,196 1,414,273 717,196 Less: Amortisation of deferral lease income (832,523) - (832,523) - Less: Unbilled rental income (Note 4) (2,843,801) - (2,843,801) - 108,363,480 102,698,054 104,580,902 100,209,768 Less: Expenses (51,379,067) (39,275,340) (49,443,632) (38,942,349) Realised income for the year 56,984,413 63,422,714 55,137,270 61,267,419 Undistributed income brought forward 49,767,266 43,751,369 50,301,128 46,440,526 Less: Undistributed income (67,155,702) (49,767,266) (65,842,421) (50,301,128) 39,595,977 57,406,817 39,595,977 57,406,817 10. Investment properties Group Fund 2020 2019 2020 2019 RM RM RM RM At 1 January 1,569,814,000 1,485,726,800 1,449,400,000 1,353,300,000 Additions - 78,000,000 - 78,000,000 Enhancements 2,400,000 1,262,486 2,400,000 1,262,486 Fair value adjustment (47,772,461) 13,072,974 (5,423,801) 16,837,514 Foreign exchange differences 10,059,510 (8,248,260) - - At 31 December 1,534,501,049 1,569,814,000 1,446,376,199 1,449,400,000 Land and buildings at fair value 1,534,501,049 1,569,814,000 1,446,376,199 1,449,400,000 The carrying amount of the investment properties for the financial years ended 31 December 2020 and 2019 is based on the market value determined based on valuations, adjusted with accrued unbilled rental income as required by MFRS 140, as follows: Group Fund 2020 2019 2020 2019 RM RM RM RM Investment properties - based on valuation report 1,537,344,850 1,569,814,000 1,449,220,000 1,449,400,000 Investment properties - accrued unbilled rental income (Note 4) (2,843,801) - (2,843,801) - 1,534,501,049 1,569,814,000 1,446,376,199 1,449,400,000 Notes to the Financial Statements For the Year Ended 31 December 2020