S E C T I O N 6 F I N A N C I A L R E P O R T S 157 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 (CONT’D) 9. Income distribution Group and Fund 2021 2020 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 0.50 sen per unit declared on 26 November 2021 and paid on 20 January 2022 2,900,000 - 2,900,000 4,987,945 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 1.22 sen per unit declared on 26 January 2021 and paid on 26 February 2021 7,075,967 - 9,975,967 13,165,867 The Manager had declared a final income distribution of 1.80 (2020: 1.22) sen per unit totalling RM10,440,000 (2020: RM7,076,000) for the financial year ended 31 December 2021 on 27 January 2022 (2020: 26 January 2021). 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 2021 amounting to RM13,340,000 (2020: RM12,063,945). Total income distribution is 2.30 (2020: 2.08) sen per unit. Distribution to unitholders is derived from the following sources: Group Fund 2021 2020 2021 2020 RM RM RM RM Net property income 54,993,850 64,969,732 54,993,850 64,969,732 Investment income 329,773 451,867 329,773 451,867 Less: Unbilled rental income (3,734,166) (4,421,638) (3,734,166) (4,421,638) 51,589,457 60,999,961 51,589,457 60,999,961 Less: Fund expenses (36,945,725) (46,444,781) (36,885,133) (46,385,586) Realised income 14,643,732 14,555,180 14,704,324 14,614,375 Undistributed income brought forward 13,323,828 11,934,515 13,474,262 12,025,754 Less: Undistributed income (17,991,593) (13,323,828) (18,202,619) (13,474,262) 9,975,967 13,165,867 9,975,967 13,165,867 Number of units in circulation 580,000,000 580,000,000 580,000,000 580,000,000 Income distribution per unit (sen): Gross 1.72 2.27 1.72 2.27 Net 1.72 2.27 1.72 2.27
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