AL-SALAM REIT ANNUAL REPORT 2020

139 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 9. INCOME DISTRIBUTION Group and Fund 2020 2019 RM RM Income distributions on ordinary shares in respect of the current financial year First interim income distribution of 0.86 sen per unit declared on 11 March 2020 and paid on 15 April 2020 4,987,945 - First interim income distribution of 1.18 sen per unit declared on 29 May 2019 and paid on 12 July 2019 - 6,843,936 Second interim income distribution of 1.09 sen per unit declared on 30 August 2019 and paid on 17 October 2019 - 6,321,970 Third interim income distribution of 1.07 sen per unit declared on 21 November 2019 and paid on 10 January 2020 - 6,206,000 4,987,945 19,371,906 Income distribution on ordinary shares in respect of the previous financial year Final income distribution of 1.41 sen per unit declared on 30 January 2020 and paid on 28 February 2020 8,177,922 - Final income distribution of 2.35 sen per unit declared on 30 January 2019 and paid on 28 February 2019 - 13,629,955 13,165,867 33,001,861 The Manager had declared a final income distribution of 1.22 (2019: 1.41) sen per unit totaling RM7,076,000 (2019: RM8,177,922) for the financial year ended 31 December 2020 on 26 January 2021 (2019: 30 January 2020). The financial statements for the current year do not reflect this final income distribution. Such income distribution will be accounted for in equity as an appropriation of profits in the financial year ending 31 December 2021. The total distributions (including proposed final income distribution) for the financial year ended 31 December 2020 amounting to RM12,063,945 (2019: RM27,549,828). Total income distribution is 2.08 (2019: 4.75) sen per unit. Distribution to unitholders is derived from the following sources: Group Fund 2020 2019 2020 2019 RM RM RM RM Net property income 64,969,732 69,121,014 64,969,732 69,121,014 Investment income 451,867 1,067,052 451,867 1,067,052 Less: Unbilled rental income (4,421,638) (4,214,668) (4,421,638) (4,214,668) 60,999,961 65,973,398 60,999,961 65,973,398 Less: Fund expenses (46,444,781) (37,578,470) (46,385,586) (37,512,251) Realised income 14,555,180 28,394,928 14,614,375 28,461,147 Undistributed income brought forward 11,934,515 16,541,448 12,025,754 16,566,468 Less: Undistributed income (13,323,828) (11,934,515) (13,474,262) (12,025,754) 13,165,867 33,001,861 13,165,867 33,001,861 Number of units in circulation 580,000,000 580,000,000 580,000,000 580,000,000 Income distribution per unit (sen): Gross 2.27 5.69 2.27 5.69 Net 2.27 5.69 2.27 5.69