Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 148 19. Unitholders’ capital 2020 2019 No. of Units RM No. of Units RM Group and Fund Issued and fully paid-up: At 1 January/31 December 735,985,088 731,398,126 735,985,088 731,398,126 Details of units held by the Manager’s directors and unitholders, and related parties which comprise companies related to Johor Corporation and KPJ Healthcare Berhad, substantial unitholders of the Fund, and their market value as of 31 December 2020 and 31 December 2019 respectively based on the Record of Depositors are as follows: 2020 2019 No. of Units RM No. of Units RM Related parties: Pusat Pakar Tawakal Sdn Bhd 54,648,534 71,589,580 54,648,534 72,136,065 Bandar Baru Klang Specialist Hospital Sdn Bhd 36,115,266 47,310,998 36,115,266 47,672,151 Selangor Medical Centre Sdn Bhd 35,000,000 45,850,000 35,000,000 46,200,000 Seremban Specialist Hospital Sdn Bhd 23,731,000 31,087,610 23,731,000 31,324,920 Ampang Puteri Specialist Hospital Sdn Bhd 21,013,739 27,527,998 21,013,739 27,738,135 Medical Associates Sdn Bhd 19,055,000 24,962,050 19,055,000 25,152,600 Sentosa Medical Centre Sdn Bhd 15,653,000 20,505,430 15,653,000 20,661,960 Kedah Medical Centre Sdn Bhd 15,000,000 19,650,000 15,000,000 19,800,000 Johor Specialist Hospital Sdn Bhd 12,203,000 15,985,930 12,203,000 16,107,960 Puteri Specialist Hospital Sdn Bhd 12,000,000 15,720,000 12,000,000 15,840,000 Pusat Pakar Darul Naim Sdn Bhd 11,789,000 15,443,590 11,789,000 15,561,480 KPJ Healthcare University College Sdn Bhd 7,758,620 10,163,792 7,758,620 10,241,378 Kuantan Specialist Hospital Sdn Bhd 5,000,000 6,550,000 5,000,000 6,600,000 Kajang Specialist Hospital Sdn Bhd 4,487,000 5,877,970 4,487,000 5,922,840 Jeta Gardens (Qld) Pty Ltd 3,786,924 4,960,870 3,786,924 4,998,740 Kota Kinabalu Specialist Hospital Sdn Bhd 3,500,000 4,585,000 3,500,000 4,620,000 Taiping Medical Centre Sdn Bhd 3,334,000 4,367,540 3,334,000 4,400,880 Johor Ventures Sdn Bhd 173,219 226,917 173,219 228,649 20. Management Expense Ratio (“MER”) Fund 2020 2019 % % MER 0.32 0.25 The calculation of MER is based on the total fees of the Fund incurred for the year, including the Manager’s fees, Trustee’s fees, audit fee, tax agent’s fee and administration expenses, to the average net asset value of the Fund during the year calculated on a monthly basis. Since the average net asset value is calculated on a monthly basis, comparison of the MER of the Fund with other Real Estate Investment Trusts (“REITs”) which use a different basis of calculation may not be an accurate comparison. Notes to the Financial Statements For the Year Ended 31 December 2020