218 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 ANNUAL REPORT 2023 9. Income distribution (cont'd.) Distribution to unitholders is derived from the following sources: Group Fund 2023 2022 2023 2022 RM RM RM RM Net property income 50,908,420 51,438,621 50,908,420 51,438,621 Investment income 935,781 511,630 935,781 511,630 Less: Unbilled rental income (3,229,641) (3,593,176) (3,229,641) (3,593,176) 48,614,560 48,357,075 48,614,560 48,357,075 Less: Fund expenses (41,043,152) (32,623,857) (41,014,409) (32,590,381) Realised income 7,571,408 15,733,218 7,600,151 15,766,694 Undistributed income brought forward 17,484,896 17,991,593 17,729,398 18,202,619 Less: Undistributed income (9,976,547) (17,484,896) (10,249,792) (17,729,398) 15,079,757 16,239,915 15,079,757 16,239,915 10. Investment properties Group Fund 2023 2022 2023 2022 RM RM RM RM At 1 January 1,224,173,346 1,177,236,522 1,224,173,346 1,177,236,522 Enhancements 2,257,800 262,088 2,257,800 262,088 Fair value adjustment 12,582,560 46,674,736 12,582,560 46,674,736 At 31 December 1,239,013,706 1,224,173,346 1,239,013,706 1,224,173,346
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