LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
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MANAGER’S REPORT ON AMANAH HARTA TANAH PNB<br />
FOR THE YEAR ENDED 31 DECEMBER 2009 (CONTD.)<br />
PROSPECTS<br />
AMANAH HARTA TANAH PNB 69<br />
The world econo<strong>my</strong> is forecasted to rebound in 2010 following increases in consumption, investment and international trade.<br />
According to International Monetary Fund (IMF), global output would grow by 3.1% in 2010 following a contraction of 1.1% in<br />
2009. However, the downside risk to global growth remains high in light of the high unemployment rates in major economies,<br />
necessitating the continuation of government stimulus measures.<br />
On account of expanding world econo<strong>my</strong> and demand, the Malaysian econo<strong>my</strong> is also expected to recover and chart a positive<br />
growth in 2010. With the support of Government stimulus programs and ac<strong>com</strong>modative monetary policy a firmer domestic<br />
spending could help real GDP to grow by 4.0% to 5.0%.<br />
The Government liberalisation measures in the services sector should also support economic recovery and growth in 2010.<br />
The prospect of the domestic property market is also expected to improve in 2010. Amidst a steadier business and investment<br />
activity we can anticipate a higher level of demand for the purpose-built offices, thus a better occupancy rate, absorption, start-up<br />
and construction. The other categories of the property market, including residential, industrial and <strong>com</strong>mercial similarly could see<br />
an upward trend in demand in 2010 in response to a stronger econo<strong>my</strong>.<br />
RESERVES AND PROVISIONS<br />
There were no material transfers to or from reserves or provisions during the financial year.<br />
DISTRIBUTION OF INCOME<br />
The distributions paid and proposed by the Trust since 31 December 2008:<br />
In respect of the financial year ended 31 December 2008:<br />
Per Unit Total<br />
Gross Net of tax Gross Net of tax<br />
Sen Sen RM RM<br />
Final in<strong>com</strong>e distribution of 3.5 sen per unit paid<br />
on 27 February 2009 3.50 3.50 3,500,000 3,500,000<br />
In respect of financial year ended 31 December 2009:<br />
Interim in<strong>com</strong>e distribution of 3.25 sen per unit paid<br />
on 28 August 2009 3.25 3.25 3,250,000 3,250,000<br />
For the financial year ended 31 December 2009, final in<strong>com</strong>e distribution of 3.75 sen a unit (tax exempt at the Trust level),<br />
amounting to RM3,750,000, to be paid on 25 February 2010, was declared by the Manager and approved by the Trustee on 26<br />
January 2010. The financial statements of the current year do not reflect this proposed distribution. Such distribution will be<br />
accounted for as an appropriation of undistributed in<strong>com</strong>e in the next reporting period ending 30 June 2010. In general, the<br />
Trust has shown a <strong>com</strong>petitive level of in<strong>com</strong>e return and was able to meet its objective of providing reasonable level of in<strong>com</strong>e<br />
return to the investors.