Al-`Aqar Healthcare REIT Annual Report 2020

Financial Reports 155 24. Segment Reporting (cont’d) The Group’s segmental information is as follows (cont’d): 31 December 2020 Malaysia Australia Total RM RM RM Operating profit 81,429,135 (32,550,685) 48,878,450 Finance costs (35,254,090) - (35,254,090) Profit before tax 46,175,045 (32,550,685) 13,624,360 Tax (2,534,162) 1,481,204 (1,052,958) Profit after tax 43,640,883 (31,069,481) 12,571,402 Total assets 1,526,820,587 121,165,750 1,647,986,337 Total liabilities 704,152,450 343,726 704,496,176 31 December 2019 Malaysia Australia Total RM RM RM Rental 94,587,596 11,522,691 106,110,287 Property expenses (5,645,289) (139,341) (5,784,630) Net property income 88,942,307 11,383,350 100,325,657 Investment revenue 1,655,201 - 1,655,201 Other income 717,196 - 717,196 Fair value adjustment on investment properties 16,837,514 (3,764,540) 13,072,974 Total income 108,152,218 7,618,810 115,771,028 Expenditure (7,053,425) (240,196) (7,293,621) Operating profit 101,098,793 7,378,614 108,477,407 Finance costs (32,329,394) - (32,329,394) 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 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 18) offset by cash and cash equivalents and unitholders’ fund of the Group and of the Fund (comprising unitholders’ capital and undistributed income). Notes to the Financial Statements For the Year Ended 31 December 2020