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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 53
We have audited the accompanying fnancial statements of Lippo Malls Indonesia Retail Trust (the “Trust”) and its subsidiaries (the
“Group”), as set out on pages 54 to 124 which comprise the statements of fnancial position of the Group and the Trust and statement
of portfolio of the Group as at 31 December 2013, the statements of total return, statements of distribution, statements of changes
in unitholders’ funds of the Group and the Trust and statement of cash fows of the Group for the reporting year then ended, and a
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Manager’s Responsibility for the Financial Statements
LMIRT Management Ltd (the “Manager” of the Trust) is responsible for the preparation and fair presentation of these fnancial
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for Unit Trusts” issued by the Institute of Singapore Chartered Accountants, and for such internal control as the Manager determines
is necessary to enable the preparation of fnancial statements that are free frommaterial misstatement, whether due to fraud or error.
Auditors’ Responsibility
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with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance whether the fnancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fnancial statements.
The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the
fnancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant
to the Trust’s preparation of fnancial statements that give a true and fair view in order to design audit procedures that are appropriate
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also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made
by the Manager of the Trust, as well as evaluating the overall presentation of the fnancial statements.
We believe that the audit evidence we have obtained is sufcient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the fnancial statements present fairly, in all material respects, the fnancial position of the Group and of the Trust as
at 31 December 2013, and the returns, changes in unitholders’ funds of the Group and the Trust and cash fows of the Group for the
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7 “Reporting Framework for Unit Trusts” issued by the Institute of Singapore Chartered Accountants.
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Chartered Accountants
Singapore
25 March 2014
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Efective from year ended 31 December 2013
INDEPENDENT AUDITORS’ REPORT
TO THE UNITHOLDERS OF LIPPO MALLS
INDONESIA RETAIL TRUST