Group Fund Note 2021 2020 2021 2020 RM RM RM RM Gross rental income 4 68,998,220 82,352,366 68,998,220 82,352,366 Other income 5 2,544,863 3,748,350 2,544,863 3,748,350 Total revenue 71,543,083 86,100,716 71,543,083 86,100,716 Utilities expenses (2,330,363) (4,287,747) (2,330,363) (4,287,747) Maintenance expenses (3,135,090) (3,841,956) (3,135,090) (3,841,956) Quit rent and assessment (1,661,222) (1,832,035) (1,661,222) (1,832,035) Property manager fee (467,400) (483,915) (467,400) (483,915) Other property expenses (8,955,158) (10,685,331) (8,955,158) (10,685,331) Total property expenses (16,549,233) (21,130,984) (16,549,233) (21,130,984) Net property income 54,993,850 64,969,732 54,993,850 64,969,732 Investment income 6 329,773 451,867 329,773 451,867 Net fair value loss on investment properties 10 (12,740,709) (31,261,883) (12,740,709) (31,261,883) Total investment expense (12,410,936) (30,810,016) (12,410,936) (30,810,016) Net investment income 42,582,914 34,159,716 42,582,914 34,159,716 Islamic financing costs: - Finance costs (24,474,076) (26,882,588) (5,272,853) (14,716,516) - Finance costs from a subsidiary - - (19,201,223) (12,166,072) - Imputed finance costs (1,565,096) (2,007,193) (1,565,096) (2,007,193) Allowance for expected credit losses of trade receivables 13 (9,527,577) (13,404,632) (9,527,577) (13,404,632) Allowance for expected credit loss on amount due from a subsidiary - - (1,133,848) - Manager fees (2,477,759) (2,323,291) (2,477,759) (2,323,291) Trustee fees (119,566) (124,660) (119,566) (124,660) Audit fees - Current year (190,000) (186,000) (155,000) (156,000) - Other services (10,000) (10,000) (10,000) (10,000) Valuation fees (340,000) (605,000) (340,000) (605,000) Other expenses (691,651) (901,417) (666,059) (872,222) Total fund expenses (39,395,725) (46,444,781) (40,468,981) (46,385,586) Profit/(loss) before tax 3,187,189 (12,285,065) 2,113,933 (12,225,870) Tax credit/(expenses) 7 16,833 (1,245,581) 16,833 (1,245,581) Profit/(loss) for the year, representing total comprehensive income/(expense) for the year 3,204,022 (13,530,646) 2,130,766 (13,471,451) A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 134 STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021
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