Page 71 - ar2013

LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 69
NOTES TO THE FINANCIAL STATEMENTS
31 December 2013
1. GENERAL
Lippo Malls Indonesia Retail Trust (“LMIR Trust” or the “Trust”) is a Singapore-domiciled unit trust constituted pursuant to the
trust deed dated 8 August 2007 (“Trust Deed”) entered into between LMIRT Management Ltd (the “Manager”) and HSBC
Institutional Trust Services (Singapore) Limited (the “Trustee”), governed by the laws of Singapore.
5IF 5SVTU JT MJTUFE PO UIF 4JOHBQPSF &YDIBOHF 4FDVSJUJFT 5SBEJOH -JNJUFE i4(9 45w
The fnancial statements are presented in Singapore dollars, recorded to the nearest thousands, and they cover LMIR Trust and
the Group’s subsidiaries.
The board of directors of the Manager approved and authorised these fnancial statements for issue on 25 March 2014.
The principal activity of the Trust and its subsidiaries (the “Group”) is to invest in a diversifed portfolio of income-producing
real estate properties in Indonesia. These are primarily used for retail and/or retail-related purposes. The primary objective
is to deliver regular and stable distributions to unitholders and to achieve long-term growth in the net asset value per unit.
The registered ofce of the Manager is 50 Collyer Quay, #06-07 OUE Bayfront, Singapore 049321.
The fnancial position of the Group, its cash fows, liquidity position and borrowing facilities are described in the notes to the
fnancial statements. In addition, the notes to the fnancial statements include the Group’s objectives, policies and processes
GPS NBOBHJOH JUT DBQJUBM JUT öOBODJBM SJTL NBOBHFNFOU PCKFDUJWFT EFUBJMT PG JUT öOBODJBM JOTUSVNFOUT BOE JUT FYQPTVSFT UP DSFEJU
risk and liquidity risk.
The Group’s forecasts and projections, taking account of reasonably possible changes in performance, show that the Group
should be able to operate within its current facilities. The Group has considerable fnancial resources together with good
relationship with its tenants and suppliers.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Convention
The fnancial statements have been prepared in accordance with the recommendations of the Statement of Recommended
"DDPVOUJOH 1SBDUJDF i3FQPSUJOH 'SBNFXPSL GPS 6OJU 5SVTUTw i3"1 w JTTVFE CZ UIF *OTUJUVUF PG 4JOHBQPSF $IBSUFSFE "DDPVOUBOUT
and the applicable requirements of the Code on Collective Investment Schemes (“CIS Code”) issued by the Monetary Authority
PG 4JOHBQPSF i."4w BOE UIF QSPWJTJPOT PG UIF 5SVTU %FFE BMTP TFF /PUF 3"1 SFRVJSFT UIBU UIF BDDPVOUJOH QPMJDJFT TIPVME
generally comply with the principles relating to recognition and measurement of the Financial Reporting Standards (“FRS”)
JTTVFE CZ UIF "DDPVOUJOH 4UBOEBSET $PVODJM 0UIFS DPNQSFIFOTJWF JODPNF DPNQSJTFT JUFNT PG JODPNF BOE FYQFOTF JODMVEJOH
reclassifcation adjustments) that are not recognised in the income statement, as required or permitted by FRS. Reclassifcation
adjustments are amounts reclassifed to proft or loss in the income statement in the current period that were recognised in
other comprehensive income in the current or previous periods. The fnancial statements are prepared on a going concern basis
VOEFS UIF IJTUPSJDBM DPTU DPOWFOUJPO FYDFQU XIFSF UIF '34 SFRVJSF BO BMUFSOBUJWF USFBUNFOU TVDI BT GBJS WBMVFT BT EJTDMPTFE
where appropriate in these fnancial statements.