Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 38 FAIR VALUE OF PORTFOLIO PROPERTIES As at the reporting date, the fair value of Al-`Aqar Group’s portfolio properties are as follows: 2019 2020 RM’000 RM’000 Investment properties At 1 January 1,485,727 1,569,814 Addition 78,000 - Enhancements 1,262 2,400 Effect of foreign currency exchange differences (8,248) 10,059 Gain/(Loss) on fair value of investment properties 13,073 (47,772) At 31 December 1,569,814 1,534,501 2019 2020 Fair Value Fair Value Properties RM ‘000 RM ‘000 Malaysia KPJ Ampang Puteri Specialist Hospital 137,000 137,000 KPJ Damansara Specialist Hospital 135,000 135,000 KPJ Johor Specialist Hospital 122,000 122,000 KPJ Selangor Specialist Hospital 83,000 82,000 KPJ Puteri Specialist Hospital 42,000 42,000 KPJ Ipoh Specialist Hospital 76,300 77,000 KPJ Perdana Specialist Hospital 45,500 42,120 Kuantan Care & Wellness Centre 20,500 20,400 KPJ Kajang Specialist Hospital 50,600 51,900 Kedah Medical Centre 53,000 52,000 KPJ Sentosa KL Specialist Hospital 30,000 30,500 KPJ Seremban Specialist Hospital 69,600 69,200 Taiping Medical Centre 10,000 10,000 KPJ Healthcare University College, Nilai 105,900 106,500 KPJ Tawakkal Specialist Hospital 138,700 139,800 Damai Care & Wellness Centre 15,000 14,100 Tawakkal Health Centre 48,400 48,800 KPJ International College, Penang 16,300 15,400 KPJ Penang Specialist Hospital 64,000 64,000 Kluang Utama Specialist Hospital 5,000 4,700 KPJ Klang Specialist Hospital 103,600 104,800 KPJ Batu Pahat Specialist Hospital 78,000 80,000 1,449,400 1,449,220 Australia Jeta Gardens Aged Care and Retirement Village* 120,414 88,125 TOTAL PORTFOLIO – based on valuation report 1,569,814 1,537,345 Less: Unbilled rental income - (2,844) Total portfolio properties as at 31 December 1,569,814 1,534,501 * The property was valued and translated using the exchange rate at the date of valuation. Management Discussion and Analysis