LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my

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