183 ANNUAL REPORT 2022 9. Income distribution (cont’d.) Distribution to unitholders is derived from the following sources: Group Fund 2022 RM 2021 RM 2022 RM 2021 RM Net property income 51,438,621 54,993,850 51,438,621 54,993,850 Investment income 511,630 329,773 511,630 329,773 Less: Unbilled rental income (3,593,176) (3,734,166) (3,593,176) (3,734,166) 48,357,075 51,589,457 48,357,075 51,589,457 Less: Fund expenses (32,623,857) (39,395,725) (32,590,381) (40,468,981) Realised income 15,733,218 14,643,732 15,766,694 14,704,324 Undistributed income brought forward 17,991,593 13,323,828 18,202,619 13,474,262 Less: Undistributed income (17,484,896) (17,991,593) (17,729,398) (18,202,619) 16,239,915 9,975,967 16,239,915 9,975,967 Number of units in circulation 580,000,000 580,000,000 580,000,000 580,000,000 Income distribution per unit (sen): Gross 2.80 1.72 2.80 1.72 Net 2.80 1.72 2.80 1.72 10. Investment properties Group Fund 2022 RM 2021 RM 2022 RM 2021 RM At 1 January 1,177,236,522 1,189,364,689 1,177,236,522 1,189,364,689 Enhancements 262,088 612,542 262,088 612,542 Fair value adjustment 46,674,736 (12,740,709) 46,674,736 (12,740,709) At 31 December 1,224,173,346 1,177,236,522 1,224,173,346 1,177,236,522 NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (cont’d.)
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