Computation of Total Income for REIT

1) Start with Net Profit

Net Profit XXX

Less : Non-Business Income
Dividend (xxx)
Interest (xxx)
Gain on disposal (xxx)

Add: Non-Allowable Expenses

Depreciation xx
Prov for doubtful debt xx
Operating Expenses Nil
Interest expenses -Interest Income xx
Interest expenses -Rental Income Nil

ADJUSTED BUSINESS INCOME XXX

Add: Balancing Charge xx
Less: Capital Allowance (xx)
Balancing Allowance (xx)

STATUTORY BUSINESS INCOME XXX

Add: Non-Business Income
Dividend (exempt) Nil
Interest Income xx
Less: Interest Expenses (xx) XX

AGGREGATE/ TOTAL INCOME XXX

2) Start with Gross Income

Gross Income from Business [Sec 4(a) ] XX

Less: Allowable Expenses
Depreciation nil
Prov for doubtful debt nil
Operating Expenses xx
Interest expenses -Interest Income nil
Interest expenses -Rental Income xx

ADJUSTED BUSINESS INCOME XXX

Add: Balancing Charge xx
Less: Capital Allowance (xx)
Balancing Allowance (xx)

STATUTORY BUSINESS INCOME XXX

Add: Non-Business Income
Dividend (exempt) Nil
Interest Income xx
Less: Interest Expenses (xx) XX

AGGREGATE/ TOTAL INCOME XXX