SEO Version
ANNUAL REPORT 2011
Net asset value per Unit is based on:
Net assets
Total units issued and to be issued at 31 December 2011 (Note 12)
14
GROSS REVENUE
Gross rental income
15
PROPERTY EXPENSES
Land rent
Maintenance expenses
Property management fees
Property tax
Utilities
Others
Property expenses represent the direct operating expenses arising from rental of investment propertie
Sabana AR 2011 Financial V9.indd 91
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