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118 LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013
30. OTHER MATTERS CONT’D
(ii) Build, Operate and Transfer (“BOT”) Agreements (Cont’d)
#BOEVOH *OEBI 1MB[B $POU E
15 .FHBI IBT UIF GPMMPXJOH PCMJHBUJPOT UP 1%+,
B 3FWFOVF TIBSJOH GPS TIPQQJOH DFOUSF * GPS UIF QFSJPE GSPN "VHVTU UP %FDFNCFS BU PG UIF SFOUBM
JODPNF PG TIPQT BOE SFUBJM QFS ZFBS BOE TIBMM JODSFBTF BU FWFSZ ZFBST 5IF JODSFBTF DPNNFODFE JO .BZ
C 3FWFOVF TIBSJOH GPS TIPQQJOH DFOUSF ** GPS UIF QFSJPE .BZ UP %FDFNCFS BU PG SFOUBM JODPNF PG
TIPQT BOE SFUBJM QFS ZFBS BOE TIBMM JODSFBTF BU FWFSZ ZFBST 5IF JODSFBTF DPNNFODFE JO .BZ
D PG OFU PQFSBUJPOBM QSPöUT DPNNFODFE JO "VHVTU
E PG OFU JODPNF GSPN SFOUBM PG PQFO BSFBT QSPNPUJPOBM TQBDFT BOE DPSSJEPST DPNNFODFE JO "VHVTU
F 1SPöU TIBSJOH XJUI SFTQFDU UP QBSLJOH TQBDFT GSPN "VHVTU BU PG QBSLJOH OFU JODPNF BGUFS EFEVDUJOH
DPOUSJCVUJPO UP 1BSLJOH .BOBHFNFOU *OTUJUVUJPO #BEBO 1FOHFMPMB 1FSQBSLJSBO oi#11w BOE PUIFS FYQFOTFT 7"5 PG
JOUFSFTU FYQFOTF EFQSFDJBUJPO PG QBSLJOH GBDJMJUZ XJUI NBYJNVN UISFTIPME PG UIF FYQFOTFT JT PG SFOUBM JODPNF
provided that if the VAT no longer prevails or the government changes the fgure of the VAT then the percentage of
FYQFOTFT XJMM CF NVUVBMMZ BHSFFE CZ CPUI QBSUJFT
G #PUI 15 .FHBI BOE 1%+, XJMM TIBSF UIF OFU SFOUBM SFWFOVF PG UIF DJOFNB VQ UP "VHVTU CBTFE PO SBUJP
FBDI 1SPöU TIBSF BGUFS XJMM CF EFUFSNJOFE MBUFS
H 5IF SFWFOVF TIBSJOH GPS DPNNFSDJBM TQBDF JT BU PG UIF SFOUBM JODPNF PG DPNNFSDJBM TQBDF QFS ZFBS BOE TIBMM
JODSFBTF FWFSZ ZFBST 5IF JODSFBTF DPNNFODFE JO .BZ
31. LITIGATION
-FHBM QSPDFFEJOHT JO SFMBUJPO UP 1MVJU 7JMMBHF
*O 15 $BSSFGPVS *OEPOFTJB XIJDI TVCTFRVFOUMZ DIBOHFE JUT OBNF UP 15 5SBOT 3FUBJM *OEPOFTJB i15 53*w öMFE B DMBJN
BHBJOTU 15 %VUB 8JTBUB -PLB i15 %8-w PXOFS PG 1MVJU 7JMMBHF BOE BDRVJSFE CZ UIF 5SVTU JO %FDFNCFS CFGPSF UIF %JTUSJDU
Court of North Jakarta for a violation of its lease agreement (“Carrefour case”).
%FTQJUF UIF BCPWF PO %FDFNCFS 15 %8- BOE 15 $BSSFGPVS *OEPOFTJB OPX LOPXO BT 15 53* FOUFSFE JOUP B TFUUMFNFOU
agreement, of which both parties had submitted relevant court papers withdrawing/dropping the cases and/or any appeals
in relation to the Carrefour case and settling any claim of losses out of court. To date, both parties are awaiting the court’s
QSPOPVODFNFOUT PO UIF TFUUMFNFOU BHSFFNFOU EVMZ TVCNJUUFE CFGPSF UIF DPVSU .FBOXIJMF 15 $BSSFGPVS *OEPOFTJB OPX LOPXO
BT 15 53* IBE SFTVNFE JUT CVTJOFTT JO 1MVJU 7JMMBHF JO +VOF JO WJFX PG UIF BCPWFNFOUJPOFE TFUUMFNFOU CFUXFFO UIF QBSUJFT
15 %8- JT BMTP JOWPMWFE JO B DBTF CFGPSF UIF #VTJOFTT $PNQFUJUJPO 4VQFSWJTPSZ $PNNJTTJPO i,116w GPS BMMFHFE WJPMBUJPO
DPODFSOJOH VOGBJS CVTJOFTT DPNQFUJUJPO i,116 DBTFw 5IF ,116 DBTF IBT OPU CFFO QSPDFTTFE XJUIJO UIF QSFTDSJCFE QFSJPE
VOEFS -BX /P :FBS PG *OEPOFTJB DPODFSOJOH 6OGBJS #VTJOFTT $PNQFUJUJPO #BTFE PO UIF MFHBM PQJOJPO SFOEFSFE CZ -FY
3FHJT "HVTUJOVT %BXBSKB 1BSUOFST UISPVHI -FUUFS /P 3FG - -FY 3FHJT EBUFE "VHVTU FOUJUMFE i3FQPSU PG
"MMFHFE 7JPMBUJPO PG -BX /P :FBS $PODFSOJOH 6OGBJS #VTJOFTT $PNQFUJUJPOw UIF MFHBM DPOTFRVFODF JT UIBU ,116 OP MPOHFS
has the right to act on the alleged violation report, and has accordingly ceased its inspection process.
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)
31 December 2013