NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 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 2023 2022 2023 2022 RM RM RM RM Total borrowings 757,749,184 855,616,967 757,749,184 855,616,967 Total assets value 1,855,983,844 1,867,065,835 1,854,868,689 1,867,100,179 Total borrowings to total assets value ratio 40.83% 45.83% 40.85% 45.83% 25. Portfolio turnover ratio (“PTR”) Group and Fund 2023 2022 RM RM PTR (times) - 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 2023 2022 2023 2022 RM RM RM RM Capital expenditure - authorised but not contracted for 306,600,000 213,200,000 306,600,000 213,200,000 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 FINANCIAL STATEMENTS 1 2 3 4 5 225
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