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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 125
RELATED PARTY TRANSACTIONS
Year ended 31 December 2013
The transactions entered into with related parties during the fnancial year, which fall under the Listing Manual and the CIS Code,
are as follows:
Name of Related Party Aggregate value of all related
party transactions during the
financial year under review
S$’000
15 -JQQP ,BSBXBDJ 5CL BOE JUT TVCTJEJBSJFT PS BTTPDJBUFT
- Management fees1 10,349
1SPQFSUZ NBOBHFNFOU GFFT
- Rental revenue 22,330
- Rental guarantee income 5,461
- Indemnity recovery for loss of income 2,438
HSBC Institutional Trust Services (Singapore) Limited
- Trustee fee 322
1 For the purposes of Clause 907 of the Listing Manual of the SGX-ST, in arriving at this fgure, the market price of the LMIR
Trust Units (being the closing price of the Units traded on the SGX-ST on the relevant date of issue of the Units) issued to the
Manager for the performance component of its management fees, was used to determine the amount of the aggregate asset
management fees paid to the Manager for the period from 1 January 2013 to 31 December 2013. A total of 12,507,448 LMIR Trust
6OJUT BNPVOUJOH UP BO BHHSFHBUF PG 4 IBWF CFFO PS XJMM CF JTTVFE UP UIF .BOBHFS BT QBZNFOU PG UIF QFSGPSNBODF
component of the asset management fees (as computed pursuant to the Trust Deed) for the period from 1 January 2013 to 31
December 2013. In respect of the period from 1 January 2013 to 31 March 2013, a total of 2,917,812 LMIR Trust Units at issue
QSJDFT PG QFS 6OJU XFSF JTTVFE PO .BZ UP UIF .BOBHFS 5IF NBSLFU QSJDF BU UIF EBUF PG JTTVF XBT DFOUT
QFS 6OJU BOE UIF BHHSFHBUF NBSLFU WBMVF PG UIFTF 6OJUT XBT 4 CBTFE PO UIJT NBSLFU QSJDF *O SFTQFDU PG UIF QFSJPE
GSPN "QSJM UP +VOF B UPUBM PG -.*3 5SVTU 6OJUT BU JTTVF QSJDFT PG QFS 6OJU XFSF JTTVFE PO
August 2013 to the Manager. The market price at the date of issue was 48 cents per Unit and the aggregate market value of
UIFTF 6OJUT XBT 4 CBTFE PO UIJT NBSLFU QSJDF *O SFTQFDU PG UIF QFSJPE GSPN +VMZ UP 4FQUFNCFS B
UPUBM PG -.*3 5SVTU 6OJUT BU JTTVF QSJDF PG QFS 6OJU XFSF JTTVFE PO /PWFNCFS UP UIF .BOBHFS 5IF
NBSLFU QSJDF BU UIF EBUF PG JTTVF XBT DFOUT QFS 6OJU BOE UIF BHHSFHBUF NBSLFU WBMVF PG UIFTF 6OJUT XBT 4 CBTFE
on this market price. In respect of the period from 1 October 2013 to 31 December 2013, a total of 3,121,424 LMIR Trust Units
BU JTTVF QSJDF PG 4 QFS 6OJU XFSF JTTVFE PO 'FCSVBSZ UP UIF .BOBHFS 5IF NBSLFU QSJDF BU UIF EBUF PG JTTVF
XBT DFOUT QFS 6OJU BOE UIF BHHSFHBUF NBSLFU WBMVF PG UIFTF 6OJUT XBT 4 CBTFE PO UIJT NBSLFU QSJDF
* Based on the volume weighted average traded price for a Unit for all trades on the SGX-ST in the ordinary course of trading
PO UIF 4(9 45 GPS UIF MBTU UFO CVTJOFTT EBZT PG UIF SFMFWBOU QFSJPE JO XIJDI UIF NBOBHFNFOU GFF BDDSVFT 1MFBTF BMTP TFF
4JHOJöDBOU 3FMBUFE 1BSUZ 5SBOTBDUJPOT PO OPUF JO UIF öOBODJBM TUBUFNFOUT
SUBSCRIPTIONS OF LMIR TRUST UNITS
For the fnancial year ended 31 December 2013, an aggregate of 2,453,307,080 units were issued and subscribed for.
On 24 February 2014, 3,121,424 LMIR Trust units were issued to the Manager as payment of the performance component of its asset
management fees for the fourth quarter of 2013.