Page 19 - ar2013

17
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013
4PVSDF $PMMJFST *OUFSOBUJPOBM 3FUBJM .BSLFU 3FQPSU 2
TRUST STRUCTURE
INDONESIA
SINGAPORE
Ownership and
shareholders’ loans
Ownership and
shareholders’ loans
%JWJEFOET JOUFSFTU JODPNF
and principal repayment of
shareholders’ loans
%JWJEFOET JOUFSFTU JODPNF
and principal repayment of
shareholders’ loans
Rental
payments
Rental
payments
Master Lease
Agreements
Tenancy
agreements Property
management
TFSWJDFT
coordinator
facilities
management
services
Retail Mall
Assets
Retail Space
Assets *OEPOFTJBO 41$T *OEPOFTJBO 41$T
PT. Matahari Putra
1SJNB 5CL
PT. Multipolar Tbk
(the “Master Lessees ”)
Tenants
Property management fees Property management fees
Property management agreements Property management agreements
PT. Lippo Malls Indonesia
(the “Property Manager”)
Unitholders
)PMEJOHT PG 6OJUT %JTUSJCVUJPOT
Act on
behalf of
6OJUIPMEFST
Trustee’s
fees
Management
services
)4#$
Institutional Trust
Services (Singapore)
Limited
(the “Trustee ”)
LMIRT
Management Ltd
(the “Manager”)
Management
fees
'VOE 3BJTJOH Administration
'FF
7 Retail Space
4JOHBQPSF 41$T
-.*35 $BQJUBM
Pte Ltd
33 Retail Mall
4JOHBQPSF 41$T
Ownership of ordinary and
redeemable preference
shares
Ownership of ordinary and
redeemable preference
shares
%JWJEFOET
BOE PS
redemption
proceeds
%JWJEFOET
BOE PS
redemption
proceeds
100.0%
ownership
100.0%
ownership
The following diagram illustrates the
relationships between LMIR Trust and its
subsidiaries, the Manager, the Trustee, the
Master Lessee, the Property Manager and
the Unitholders.