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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
37. LISTING OF INVESTMENTS IN SUBSIDIARIES (CONT’D)
Cost
2014
2013
$’000
$’000
Name of Subsidiaries, Country of Incorporation,
Place of Operations and Principal Activities
Indonesia
PT Panca Permata Pejaten
15,929
15,929
Owner of Pejaten Village
PT Benteng Teguh Perkasa (previously known as Kramat Jati Indah Plaza)
10,263
10,263
Owner of Lippo Plaza Kramat Jati
PT Cahaya Megah Nusantara
2,566
2,566
Owner of Tamini Square
PT Jaya Integritas
2,566
2,566
Owner of Palembang Square
PT Palembang Paragon Mall
4,362
4,362
Owner of Palembang Square Extension
PT Cahaya Bimasakti Nusantara
2,566
2,566
Owner of Palembang Square Extension
PT Dinamika Serpong
805
805
Owner of Mall WTC Matahari Units
PT Gema Metropolis Modern
805
805
Owner of Metropolis Town Square Units
PT Matos Surya Perkasa
805
805
Owner of Malang Town Square Units
PT Megah Detos Utama
805
805
Owner of Depok Town Square Units
PT Palladium Megah Lestari
805
805
Owner of Grand Palladium Units
PT Madiun Ritelindo
805
805
Owner of Plaza Madiun Units
PT Java Mega Jaya
805
805
Owner of Java Supermall Units
PT Kemang Mall Terpadu
64,417
–
Owner of Lippo Mall Kemang
* Amount is less than $1,000.
The subsidiaries incorporated in Indonesia are audited by RSM Aryanto, Amir Jusuf, Mawar & Saptoto (RSM AAJ
Associates), a member firm of RSM International of which RSM Chio Lim LLP in Singapore is a member.
The subsidiaries incorporated in Singapore are audited by RSM Chio Lim LLP in Singapore.
The investments include investment in redeemable preference shares that are redeemable at the option of the
subsidiaries.
The share certificates of certain subsidiaries are pledged as security for bank facilities (Note 22A).
Notes to the Financial Statements
(Cont’d)
31 December 2014
