NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 24. Capital management (cont’d) Gearing ratio The Group’s and the Fund’s gearing ratio are calculated based on the proportion of total borrowings to the total asset value. The gearing ratio at the end of the reporting period is as follows: Group Fund 2022 2021 2022 2021 RM RM RM RM Total borrowings 855,616,967 683,876,967 855,616,967 683,876,967 Total assets value 1,867,065,835 1,664,732,994 1,867,100,179 1,664,796,608 Total borrowings to total assets value ratio 45.83% 41.08% 45.83% 41.08% 25. Portfolio turnover ratio (“PTR”) Group Fund 2022 2022 RM RM PTR (times) 0.20 0.20 The calculation of PTR is based on the average of total acquisitions and total disposals of investments in the Fund for the year to the average net asset value during the year calculated on a monthly basis. 26. Capital commitments Group Fund 2022 2021 2022 2021 RM RM RM RM Capital expenditure - authorised but not contracted for 213,200,000 296,000,000 213,200,000 296,000,000 27. Significant events (i) Acquisition of a building known as TMC Health Centre On 2 September 2022, the Fund as represented by the Trustee, entered into a conditional sales and purchase agreement with Penang Specialist Hospital Sdn Bhd, a wholly-owned subsidiary of KPJ Healthcare Berhad to acquire a building known as TMC Health Centre, for a total consideration of RM14,300,000. The acquisition was completed on 23 December 2022. 191 1. Corporate Overview 3. Strategic Performance 5. Governance Structure 2. The Driving Forces 4. Sustainability Statement 6. Financial Reports
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