NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 9. Income distributions (Cont’d) Income distributions to unitholders is derived from the following sources: Group Fund 2023 2022 2023 2022 RM RM RM RM Net rental income 114,470,095 104,199,014 108,763,650 98,610,075 Investment revenue 1,450,856 922,748 5,906,057 5,377,949 Other income 731,276 1,005,423 731,276 579,833 Interest accretion on tenant deposits 424,563 359,332 424,563 359,332 Less: Amortisation of deferred income (463,085) (406,923) (463,085) (406,923) Less: Unbilled rental income (2,364,839) (3,497,314) (2,364,839) (3,497,314) 114,248,866 102,582,280 112,997,622 101,022,952 Less: Expenses (51,002,516) (34,816,515) (48,303,720) (34,315,822) Realised income for the year 63,246,350 67,765,765 64,693,902 66,707,130 Undistributed income brought forward 73,182,677 62,823,720 69,992,781 60,692,459 Less: Undistributed income (72,668,819) (73,182,677) (70,926,475) (69,992,781) 63,760,208 57,406,808 63,760,208 57,406,808 10. Investment properties Group Fund 2023 2022 2023 2022 RM RM RM RM At 1 January 1,721,281,384 1,538,210,398 1,636,015,084 1,451,912,398 Additions - 192,000,000 - 192,000,000 Enhancements - 3,655,737 - 3,655,737 Disposal - (294,500) - (294,500) Fair value adjustment (5,151,250) (11,258,551) 8,735,161 (11,258,551) Transfer to assets classified as held for sale (76,700,031) - (12,000,000) - Foreign exchange differences 3,790,232 (1,031,700) - - At 31 December 1,643,220,335 1,721,281,384 1,632,750,245 1,636,015,084 Land and buildings at fair value 1,643,220,335 1,721,281,384 1,632,750,245 1,636,015,084 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 FINANCIAL STATEMENTS 1 2 3 4 5 203
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