The Group: - Gross revenue 110,239 121,022 9.8 - Net Property Income (NPI) 104,199 114,470 9.9 - Profit for the year (realised) 67,766 63,246 (6.7) - EPU (realised) (sen) 9.20 7.76 (15.6) The Fund: - Income available for distribution 63,012 64,694 2.7 - DPU (sen) 8.10 7.90 (2.5) Revenue Malaysia 104,588 115,250 10.2 Australia 5,651 5,772 2.1 Net Property Income (NPI) Malaysia 98,610 108,764 10.3 Australia 5,589 5,706 2.1 MANAGEMENT DISCUSSION AND ANALYSIS Section 1 - FINANCIAL REVIEW Growth % % FY2023 RM’000 RM’000 FY2022 RM’000 RM’000 KEY FINANCIALS The Group’s segmental reporting is based on its geographical location of customers and assets as follows: i. Malaysia ii. Australia Management monitors the operating results of its business units separately for the purpose of making decisions on resource allocation and performance assessment. The segmental performance is evaluated based on operating profit. CONTRIBUTION BY SEGMENT MALAYSIAN SEGMENT The Malaysian segment, as the key contributor, contributed 95.2% (FY2022: 94.9%) to the Group’s total revenue. This segment reported revenue of RM115.2 million in FY2023, an increase of 10.2% from RM104.6 million in FY2022. In terms of NPI, Malaysian segment contributed 95.0% (FY2022: 94.6%) to the Group’s total NPI. This segment reported NPI of RM108.8 million in FY2023, an increase of 10.3% from RM98.6 million in FY2022. The increase was contributed by income from TMC Health (Expansion Building), KPJ Seremban Specialist Hospital (Expansion Building) and KPJ Pasir Gudang Specialist Hospital, which were acquired in December 2022. AUSTRALIAN SEGMENT The Australian segment contributed 4.8% (FY2022: 5.1%) to Group’s total revenue in FY2023. It reported revenue of RM5.8 million in FY2023, a slight increase of 2.1% from RM5.7 million in FY2022. In terms of NPI, this segment contributed 5.0% (FY2022: 5.4%) to Group’s total NPI. Australian segment reported NPI of RM5.7 million in FY2023, an increase of 2.1% from RM5.6 million in FY2022. Growth FY2023 FY2022 24 BUSINESS OVERVIEW 1 3 4 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
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