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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NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2009 (CONTD.)<br />
5. GROSS RENTAL INCOME<br />
Gross rental in<strong>com</strong>e of the Trust consists of the following:<br />
AMANAH HARTA TANAH PNB 87<br />
2009 2008<br />
RM RM<br />
Rental in<strong>com</strong>e 13,662,522 13,384,123<br />
Other real estates in<strong>com</strong>e 307,997 312,690<br />
13,970,519 13,696,813<br />
Included in the rental in<strong>com</strong>e is an amount of RM705,418 (2008: RM706,268) received from related <strong>com</strong>panies as disclosed<br />
in Note 29.<br />
6. REAL ESTATES OPERATING EXPENDITURE<br />
Included in the amounts are the following:<br />
2009 2008<br />
RM RM<br />
Maintenance, repairs and improvements expenses 926,485 1,074,322<br />
Assessment 898,012 897,777<br />
Quit rent 57,359 59,018<br />
Property Manager’s fee* 133,200 147,993<br />
* The Property Manager, Azmi & Co Building Services Sdn. Bhd. (“ACBS”) (previously Jones Lang Wootton (“JLW”)), is<br />
entitled to a property management fee in respect of the maintenance of the real estates owned by the Trust, as<br />
provided in the Deed of Trust. The fee is based on a certain graduated scale as provided in the Deed of Trust and as<br />
prescribed in the revised Valuers, Appraisers and Estate Agents Act 1981 and its rules.<br />
7. MANAGEMENT FEE<br />
The Manager is entitled to a fee not exceeding 2% per annum of the net asset value of the Trust on each day of the accrual<br />
period, as defined in the Deed of Trust. The management fee charged for the year ended 31 December 2009 is 1% (2008:<br />
1%) per annum of the daily net asset value of the Trust.<br />
No other fee, <strong>com</strong>mission or initial service charges has been paid or is payable to the Manager.<br />
8. TRUSTEE’S FEE<br />
The Trustee is entitled to a fee not exceeding 0.1% per annum of the net asset value of the Trust on each day of the accrual<br />
period, as defined in the Deed of Trust. The Trustee’s fee charged for the year ended 31 December 2009 is RM130,000 (2008:<br />
RM130,000).