KUALA LUMPUR: The returns of the Employees Provident Fund (EPF) property investment in 2013 have exceeded the target, said the first series of the Auditor-General Report 2013.
The report findings, tabled at the Parliament Monday, said that EPF received gross investment income of RM1.14 billion for investment in property and infrastructure last year, compared to annual target of RM930 million, which is an achievement of 122.5 per cent, in line with the increase in property and infrastructure investment.
It said EPF investment in that sector has increased by 10 per cent, or RM1.31 billion, to RM14.36 billion in 2013, compared with RM13.05 billion in 2012.
The increase was contributed by the expansion of foreign property investment in UK, Australia, Singapore and Europe, it said.
The property and infrastructure investments included RM4.92 billion for local property investment, RM6.46 billion for foreign property investment and RM2.98 billion for infrastructure investment, it said.
The report said the gross investment and infrastructure analyses in 2013 showed that EPF received income amounting to RM1.14 billion, or 7.9 per cent, compared to investment of RM14.36 billion.
"This percentage reflected an increase compared to the year before which was 4.6 per cent in 2012 and 3.1 per cent in 2011," he said.
Further analyses also found that the EPF has received a total of RM66.28 million for and Australian investment in 2013, which is 4.3 per cent from an investment of RM1.545 billion, it said.
Overall, it said, EPF investment in 2013 amounted to RM586.66 billion and from the total, RM14.36 billion was property and infrastructure investment.
The EPF recorded gross investment income of RM35 billion last year compared to RM31.02 billion in 2012, it said.
-- BERNAMA
0 comments:
Post a Comment