Group Financial Highlights
SUMMARY OF RESULTS
FY 2014
(S$’000)
FY 2013
(S$’000)
Change Favourable/
(Unfavourable)
'ROSS 2ENTAL )NCOME
0ROPERTY /PERATING %XPENSES
.ET 0ROPERTY )NCOME
.ET )NCOME "EFORE TAX
$ISTRIBUTABLE )NCOME
$ISTRIBUTION 0ER 5NIT CENTS
BALANCE SHEET AS AT 31 DECEMBER 2014
31-Dec-14
(S$’000)
31-Dec-13
(S$’000)
.ON CURRENT ASSETS
Current assets
171,604
398,212
Total assets
2,017,489
1,813,868
Current liabilities
305,278
204,546
.ON CURRENT LIABILITIES
Net assets
1,149,730
1,009,551
NET ASSET VALUE (NAV)
31-Dec-14
31-Dec-13
Including fair value changes on investment properties (cents)
42.55
41.15
GEARING
31.2
%
Gearing remained conservative as at 31 December 2014
TOTAL UNITS IN ISSUE
31-Dec-14
31-Dec-13
Issued units at the end of period
2,701,802,668
2,453,307,080
Total issued and issuable units including acquisition fee
and management fee for 4Q 2014
2,716,426,568
2,456,428,504
DEBT INFORMATION
31-Dec-14
31-Dec-13
Term loan
,OAN DRAWDOWN
3
MILLION
3
MILLION
-ATURITY
$EC
*UN
!LL IN COST OF DEBT
P A
P A
Notes issued under the Guaranteed Euro Medium Term Note Programme (“EMTN Programme”)
$UE *ULY
!LL IN COST OF DEBT
3
MILLION
3
MILLION
$UE /CTOBER
!LL IN COST OF DEBT
3
MILLION
3
MILLION
$UE *ULY
!LL IN COST OF DEBT
3 MILLION
3 MILLION
$UE .OVEMBER
!LL IN COST OF DEBT
3 MILLION
3 MILLION
INTEREST COVER RATIO
5.0
times
2EFERS TO EARNINGS BEFORE INTEREST EXPENSE TAX
depreciation, amortisation and changes in fair value of
INVESTMENT PROPERTIES %")4$! OVER INTEREST EXPENSES
for FY 2014
16
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
&ULLY REPAID IN *ANUARY
!FTER TAKING INTO ACCOUNT INTEREST RATE SWAP CONTRACTS ENTERED IN
