AL-SALAM REIT ANNUAL REPORT 2023

217 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 FINANCIAL STATEMENTS 8. Earnings per unit The earnings per unit, which are calculated based on the profit for the year of the Group, divided by the weighted average number of units in circulation as of 31 December 2023 and 2022, are as follows: Group 2023 2022 RM RM Earnings attributable to unitholders: Profit for the year 21,702,044 65,416,049 Weighted average number of units 580,000,000 580,000,000 Earnings per unit (sen) 3.74 11.28 9. Income distribution Group and Fund 2023 2022 RM RM Income distributions on ordinary shares in respect of the current financial year First interim income distribution of 0.50 sen per unit declared on 26 August 2022 and paid on 11 October 2022 - 2,899,986 Second interim income distribution of 0.50 sen per unit declared on 25 November 2022 and paid on 6 January 2023 - 2,900,000 First interim income distribution of 0.40 sen per unit declared on 26 May 2023 and paid on 10 July 2023 2,319,988 - Second interim income distribution of 0.40 sen per unit declared on 25 August 2023 and paid on 2 October 2023 2,319,988 - Third interim income distribution of 0.30 sen per unit declared on 24 November 2023 and paid on 27 December 2023 1,739,976 - 6,379,952 5,799,986 Income distribution on ordinary shares in respect of the previous financial year Final income distribution of 1.80 sen per unit declared on 27 January 2022 and paid on 28 February 2022 - 10,439,929 Final income distribution of 1.50 sen per unit declared on 2 February 2023 and paid on 28 February 2023 8,699,805 - 15,079,757 16,239,915 The Manager had declared a final income distribution of 0.10 (2022: 1.50) sen per unit totaling RM580,000 (2022: RM8,700,000) for the financial year ended 31 December 2023 on 24 January 2024 (2022: 3 February 2023). 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 2024. The total distributions (including proposed final income distribution) for the financial year ended 31 December 2023 amounting to RM6,959,952 (2022: RM14,499,791). Total income distribution is 1.20 (2022: 2.50) sen per unit.

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