Financial Year Ended 31 December 2020 2019 2018 2017 2016
No. of Months 12 12 12 12 12
Audited / Restated Unaudited Audited Audited Audited Audited
(RM'000) (RM'000) (RM'000) (RM'000) (RM'000)
 
Total income
Revenue 164,014 160,992 172,527# 181,502# 136,648#
Property operating expenses (37,894) (39,244) (39,725) (40,161) (29,493)
Net property income 126,120 121,748 132,802 141,341 107,155
 
Interest Income 2,913 3,223 4,327 3,590 2,384
Net fair value gain / (loss) on investment properties (5,498) (35,656) (4,585)# (19,572)# (1,318) #
Gain on divestment of investment property 2,197 - -
  123,535 89,314 134,741 125,359 108,220
 
Total expenditure
Manager's fees (12,796) (12,761) (13,254) (13,458) (9,677)
Trustee's fee (666) (676) (686) (689) (487)
Finance costs (35,371) (39,594) (40,590) (40,513) (33,036)
Valuation fees (324) (329) (357) (298) (361)
Auditors' remuneration (157) (147) (147) (119) (150)
Tax agent's fee (35) (32) (50) (23) (54)
Administrative expenses (403) (415) (395) (349) (1,685)
  (49,752) (53,954) (55,479) (55,449) (45,450)
 
Income before taxation 73,783 35,360 79,262 69,910 62,770
Income tax expense (1,213) (6,238) (6,132) - -
Income net of taxation 72,569 29,122 73,130 69,910 62,770
 
Other comprehensive income:
(Loss)/gain on remeasurement of financial derivatives (2) 104 238 317 (3,264)
Adjustment of remeasurement of matured derivatives 326 - - - -
Total comprehensive income for the financial period/year 72,894 29,226 73,368 70,228 59,506
 
Net income for the period/year is made up as follows:
- Realised 80,955 72,108 84,654 88,007 59,156
- Unrealised (8,386) (42,986) (11,524) (18,096) 3,614
  72,569 29,122 73,130 69,910 62,770
 
Earnings per unit
- After manager's fees (sen) 6.77 2.72 6.83 6.55 9.33
- Before manager's fees (sen) 7.96 3.91 8.07 7.81 10.77
 
Earnings per unit (realised)
- After manager's fees (sen) 7.55 6.73 7.91 8.24 8.80
- Before manager's fees (sen) 8.75 7.92 9.14 9.50 10.24
 
Distributable Income@ 80,955 73,008 87,054 91,982 59,156
Distributable Income Per Unit@ 7.55 6.81 8.13 8.61 8.80
 
Income distribution 75,882 73,008 86,600 89,605 55,424
Income distribution per unit (sen) 7.08 6.80 8.08 8.39 8.38

Note:

# Inclusive of unrealised rental income-unbilled lease income receivable pursuant to requirements of MFRS 117 Leases
@ After non-cash adjustments for manager's fees payable in units and amount previously not distributed.